Tim Cook Talks About Closing Apple Stores and Paying App Developers $8 Billion
During its first quarter conference call, Apple revealed that it had paid a whopping $7 billion dollars to app developers. At his keynote speech at the Goldman Sachs investor conference this morning, Tim Cook updated Apple’s payout figures, announcing that the company had paid $8 billion to developers, marking $1 billion in payouts since January 13.
That’s a remarkable increase in developer payouts. In October of 2012, the amount paid to developers was just $6.5 billion, meaning Apple’s holiday season brought in about $1.5 billion for developers, as millions of people hit the App Store with newly purchased devices to download apps.




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