Although the company does not confirm figures, Apple’s AppStore may now be generating $1 billion in revenue per year, according to an in-depth article on mobile commerce published by The New York Times. Developers have flocked to the AppStore thanks to the simple model — Apple takes 30% of the revenue from any App sale and the developer keeps the rest. One game developer cited in the story is pocketing $181,000 per month for its top game. Other mobile commerce storefronts mentioned in the article include Palm, Research In Motion, Microsoft and Google (Android).
http://www.nytimes.com
NYT: Momentum Continues to Build for Apple's AppStore
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From the Graveyard
You just read about Apple. One of the companies whose work it now carries:
P.A. Semi built High-performance, energy-efficient Power Architecture processors and system-on-chip designs. What became of it?
P.A. Semi brought High-performance, energy-efficient Power Architecture processors and system-on-chip designs to Semiconductor. That work was distinctive enough to lead to its acquisition by Apple for US$278M. The standalone name now passes into the archive — but the team and technology continue inside Apple today. One of 430 names here whose work outlived the company.
On this day
December 3From 25 years of the Converge Digest archive.