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Apps & Software

Apple Hits $10 Billion in 2013 App Store Sales

Photo of Jon C. Ogg
By Jon C. Ogg Published

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Apple Inc. (NASDAQ: AAPL) may not have the new products coming out at the same pace it used to, but the App Store sales may be saving the day. Apple has announced that the App Store sales topped $10 billion in 2013, and it said that it had a record-breaking December with more than $1 billion in sales.

This number seems hard to imagine on the surface, but the consensus estimate for Apple’s total 2014 revenues is all the way up at $184.5 billion. Apple’s claim of $10 billion spent in 2013 does include the more than $1 billion in December. It seems that the introduction of the iOS 7 may have had some impact on this figure.

Apple said:

App Store customers downloaded almost three billion apps in December making it the most successful month in App Store history. Apple’s incredible developers have now earned $15 billion on the App Store.

Developers such as Evernote, Yahoo!, AirBnB, OpenTable, Tumblr, Pinterest and American Airlines were all listed as having re-imagined the user experience. The App Store now offers more than one million apps to iPhone, iPad and iPod touch users in 155 countries. It also has more than 500,000 native iPad apps available.

Apple has seen its shares downgraded of late, but the stock was indicated up marginally on Tuesday morning by 0.25% at $545.35, and its 52-week range is $385.10 to $575.14.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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