Apple’s App Store has reached its one-year milestone. The Cupertino, Calif.-based company one year ago launched the online store for its iPhone and iPod touch and has had great success offering users applications that do everything from calculate nutritional information to games that shoot cartoons out of volcanoes. The question on many peoples’ minds remains how to gauge the App Store’s success. “I can confirm more than 50,000 apps are available for download on the App Store and that over one billion apps have been downloaded since launch,” said Simon Pope, an Apple spokesperson. While the number of apps downloaded isn’t something to ignore, Apple, which receives 30 percent of revenue from each app sold, has never revealed what the profits are from the popular store. Because Apple has remained tight-lipped about profits and the cost to maintain the App Store, it’s not clear if it has been a financial success for Apple. Apple’s Bruises Not all has been perfect
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App Store Is One Year Old and Revenues Are Still Secret