Tuesday, September 29, 2009

iTunes App Store hits 2 billion "apps" download

IPhone and iPod touch owners have downloaded 2 billion "apps" from Apple's iTunes App Store, the Cupertino company reported today.

More than 85,000 software applications, or apps, are available for downloading, Apple said in a statement. Some of the apps can be downloaded for free, and others for a fee.

"The rate of App Store downloads continues to accelerate with users downloading a staggering 2 billion apps in just over a year, including more than half a billion apps this quarter alone," Apple CEO Steve Jobs said in the statement.

According to a Bloomberg News report today quoting Sanford C. Bernstein analyst Toni Sacconaghi, Apple pulls in $60 million to $110 million in revenue a quarter from its App Store.

Apple launched the App Store in July 2008. Since then, makers of rival smart-phones including Palm, which makes the Pre, and Research In Motion, which makes BlackBerry phones, have started their own app stores.

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iPod has not only  revolutionized the music industry but even the way portable apps exponentially boomed. The market is really going-gaga on this small technology.

JonQBX

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