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Apple's paid $8 billion to developers till date, $1 billion in last month

Apple's paid $8 billion to developers till date, $1 billion in last month

By NDTV Correspondent | Updated: 13 February 2013 15:26 IST

Apple has paid out $8 billion to developers till date. The number was made public by Apple CEO Tim Cook during a Q&A session at the Goldman Sachs Technology and Internet Conference, following his speech at the event.

Interestingly, this is an increase of $1 billion, a figure which was made public by Apple in January, and was also quoted by Apple's Chief Financial Officer, Peter Oppenheimer, during the company's earnings call for Q1 2013, in January. Apple had also reported 40 billion cumulative app downloads.

It also implies that the rate of growth for developer payouts has increased leaps and folds, if you compare it to developer payouts after Q4 2012(quarter ended September 29th,2012), when it was $6.5 billion, growing by $1 billion compared to the previous quarter.

Cook also reiterated that out of the 775,000 apps available on the App Store, 300,000 were custom designed for the iPad in contrast to other tablets where only a few hundred apps were native tablet apps.

Cook declined to talk about any new products, but said he remains upbeat on Apple's ability to boost sales of its popular iPhones and iPads in markets around the world.

"I'm incredibly bullish about the future and what Apple can do," he said.

"Apple has skills in hardware, in software and in services ... There is no better place for innovation."

He said Apple was not planning to make a "cheap" product that failed to live up to its standards, but that he was aware that some consumers could not afford some Apple devices.

"Our North Star is always great products, not how to hit a price point," he said.

He maintained that Apple's iPhone has "tremendous momentum" in a market which is expected to triple in the coming years.

"The iPhone is available only to around 50 percent of the subscribers in the world," he said when asked if Apple had reached a plateau. "I see a wide open field. I don't think about that word called limit."

With inputs from AFP

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