2008’s biggest block bluster: The App Store

Steve Job’s stated in a recent release that through the App Store Apple is earning a revenue of $1 million/day ! That too when a large chunk of the apps are free. At this rate the Apple Inc stands to gain a whopping $360 million in a year in terms of new revenue. Just through the App Store Apple has racked up a cool $30 million within the first month of its launch. That puts Apple right there among the top 10 stories in the week’s Wall Street Journal this Monday.

Apple charges 30% in revenue for each App, for the purpose of “store keeping”. Among the big winners are the Super Monkey Ball (more than 300,000 downloads in the first 20 days), and Epocrates (125,000 downloads) till now. And of course, who can forget the “I Am Rich” app., 8 downloads from that alone fetched $2400 doe Apple!

Steve Jobs says he’s “never seen anything like this in my career for software.”  and that ”This thing’s going to crest a half a billion, soon… $1 billion marketplace at some point in time.”

And folks, as you’ll be able to see from all these paid app and paid game reviews I’ve been writing, I did my bit too. Some of the money from that pile of cash came from me, and it looks like I’ll be giving Apple quite a few dollars more.

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