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Title: Report: App Store Sees Puny Profitability Post by: HCK on June 23, 2010, 07:00:35 pm Report: App Store Sees Puny Profitability
Apple's App Store is not the wildly profitable operation it might seem, but rather does just a little better than breaking even, according to a recent report. In fact, the App Store has accounted for just $189 million -- or about 1 percent -- of Apple's total gross profit since it launched almost two years ago, according to Piper Jaffray analysts. http://www.macnewsworld.com/rsstory/70275.html |