Record profits as January Apple App Store results revealed

The Apple App Store saw a record surge in profits in the first week of January, with consumers spending half a billion dollars on apps and in-app purchases on New Year’s Day alone.

The Apple App Store saw a record surge in profits in the first week of January, with happy-appers spending half a billion dollars on apps and in-app purchases on New Year’s Day alone.

The Apple App store earned $5bn from its apps globally in 2014 – an increase of 50% upon 2013.

Eddy Cue, senior vice president of internet software and services at Apple, said: “This year is off to a tremendous start after a record-breaking year for the App Store and our developer community.

“We’re so proud of the creativity and innovation developers bring to the apps they create for iOS users and that the developer community has now earned over $25bn.”

The App Store boasts more than 1.4m apps for iOS users in 155 countries around the world.

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