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Apple Says Developer Earnings Hit $120 Billion Since 2008 App Store Launch

Apple Says Developer Earnings Hit $120 Billion Since 2008 App Store Launch

By Indo-Asian News Service | Updated: 29 January 2019 16:57 IST

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Apple says developers earnings have reached a record $120 billion (roughly Rs. 8,50,000 crores) globally since the launch of its App Store in 2008.

According to the Cupertino-based iPhone maker, app developers earned more than a quarter of that money in the past year alone.

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"The App Store is the new digital main street, and creative developers are tapping into the vast potential of the global app economy," said Esther Hare, Apple's Senior Director, Worldwide Developer Marketing and executive sponsor, Women@Apple.

Apple on Monday inaugurated the "Entrepreneur Camp" with 11 female-founded app development companies.

The two-week programme is designed to provide female app creators with the tools needed to thrive in the global app economy.

"In the past, starting a small business often meant having to invest in overhead, inventory or retail space. Today, a world of opportunity opens up with some coding skills and an entrepreneurial spirit," said Hare.

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