{"id":108,"date":"2008-08-01T17:15:22","date_gmt":"2008-08-01T17:15:22","guid":{"rendered":"http:\/\/razorianfly.wordpress.com\/?p=390"},"modified":"2008-09-09T09:49:14","modified_gmt":"2008-09-09T08:49:14","slug":"apples-app-store-the-hobby-that-will-grow-to-be-worth-in-excess-of-12-billion-by-2009","status":"publish","type":"post","link":"https:\/\/www.arronhirst.com\/blog\/2008\/08\/01\/apples-app-store-the-hobby-that-will-grow-to-be-worth-in-excess-of-12-billion-by-2009\/","title":{"rendered":"Apple’s App Store – The ‘hobby’ that will grow to be worth in excess of $1.2B, by 2009."},"content":{"rendered":"
<\/a>
Apple's new iTunes venture is set to be worth billions by 2009.<\/figcaption><\/figure>\n

[Edit]<\/strong> – Sorry! corrected developer’s name. It’s Eliza Block, not Ericka.<\/p>\n

When Apple announced in March that they were planning to release a standard method to download\/buy and install third-party applications onto the iPhone, sure, everyone could see the potential, but the App Store’s worth, as a business, was slightly overlooked …<\/p>\n

<\/p>\n

From Apple’s Q&A session (March 08 Event):<\/strong><\/p>\n

Q: “Isn’t the fact that Apple is the sole distributor of apps likely to cause monopoly issues?”<\/p>\n

A: “We think this is going to be a boon for developers, there’s no other way to get an app in front of every single iPhone user.” Just to make it a little clearer — we don’t intend to make money off the app store<\/strong>; the split with the music companies is about the same. We give all the money to the content owners and the developers here, and the 30% that pays for the store, that will be great.<\/p><\/blockquote>\n

Revenue figures<\/strong><\/p>\n

Recently, Apple released<\/a> the first sale figures to iPhone developers, of how well their applications had sold, daily. One developer, worth of a mention, is Eliza Block. She designed and published a simple application focusing on crosswords called ‘2 Across’ [App Store<\/a>]. Priced at $5.99 (\u00c2\u00a33.49) her application flew off the shelve, and to her surprise, she found she had made US $1800 (\u00c2\u00a3912) this Wednesday, alone.<\/p>\n

To put this into perspective, her application was ranked 39th in the App Store. Meaning the application ranked 38th, TapeMeasure, priced at $0.99 (\u00c2\u00a30.59) [App Store<\/a>], was making roughly $300+\/day (428 x $.70) for their $0.99 application.<\/p>\n

Apple’s Cut<\/strong><\/p>\n

From every application sold through the App Store, Apple takes 30%. In order to submit applications to the App Store, the developer must pay a $99 annual fee, in order to gain a ‘Developer License’ whether the application be sold for a price, or free. This ensures Apple receives something for the hosting and credit processing of the developers application.<\/p>\n

Developers are paid their earnings, monthly.<\/strong><\/p>\n

You can find out more information on how to become a developer at:
\nThe Apple Developer Connection<\/a><\/p>\n

Now, taking Block as an example, and that figure of $1800 made from 2 Across on Wednesday, Apple’s 30% would be roughly $540 (\u00c2\u00a3273). The store now has over 800+ pay-to-use applications, currently published, ranging from $0.99 to $530.00.<\/p>\n

It is worthy of noting that, Eliza’s application has been featured in Apple’s ‘Staff Favorites’ section of the App Store for a week<\/em> now, so these figures may be skewed.<\/p>\n

There’s more …<\/strong><\/p>\n

Not only can customers buy applications through iTunes on their Mac or PC and side-load them onto their iPhone or iPod touch, but with the introduction of Firmware 2.0<\/a>, users can now wirelessly buy\/download applications, by the truck-load, straight onto their devices, completely over-the-air. Considering the fact that every iPhone 3G sold, comes pre-installed with v2.0, (which also includes the App Store as default), and the recent US 21-state sell out<\/a>, not to mention Apple claiming 1 Million iPhone 3G sales over the opening weekend<\/a> (The company notes that the original iPhone took 74 days to hit 1 million in sales), I’d say they have it pretty good, with the App Store.<\/p>\n

In short, over the opening weekend of the App Store (July 11-14th) Apple publicly reported over 10 Million application sales. On looking at these relatively new revenue figures from Apple’s new baby, I can safely say, the App Store is going to be HUGE for both Apple, and developers.<\/p>\n

Eliza Block is set to make 6-figures from 2 Across, if the sales continue as they are doing.<\/p>\n

Via: Mac Rumors<\/a><\/p>\n

R-Fly<\/p>\n

\n
<\/hr>\n","protected":false},"excerpt":{"rendered":"

[Edit] – Sorry! corrected developer’s name. It’s Eliza Block, not Ericka. When Apple announced in March that they were planning to release a standard method to download\/buy and install third-party applications onto the iPhone, sure, everyone could see the potential, but the App Store’s worth, as a business, was slightly overlooked …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[49,60,70,3500,4,3501,633],"class_list":["post-108","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-49","tag-60","tag-70","tag-app-store","tag-apple","tag-iphone","tag-wealth"],"_links":{"self":[{"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/posts\/108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/comments?post=108"}],"version-history":[{"count":0,"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/posts\/108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/media?parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/categories?post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arronhirst.com\/blog\/wp-json\/wp\/v2\/tags?post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}