Apple earns handsomely with iPhone software
The add-on programs for the iPhone have been a big cash cow for Apple: on average, the company has earned around one million dollars per day so far. Apple boss Steve Jobs expects sales of around half a billion dollars per year.
The add-on programs for the iPhone are bringing in a lot of money for Apple: the company expects sales of around half a billion dollars per year. Since the launch of the software offers via the "App Store" a month ago, more than 60 million programs have been downloaded, Apple boss Steve Jobs told the Wall Street Journal. Annual revenues of one billion dollars are also possible, Jobs said. The programs developed by third-party providers include games, GPS applications and communication tools. On average, Apple has so far earned around one million dollars per day from downloads. The US company keeps 30 percent of the revenue, while the developers receive 70 percent. The majority of the mostly small software applications are also free of charge.
