Apple iPhone App Store success reported

Apple have announced that its newly launched App Store that enables users to sell and buy third-party applications for the iPhone was making an average of $1m (£500,000) a day, and had served downloads for over 60 million programmes since its launch last month.

Apple's developer revenue-share programme takes a 30 per cent cut of all revenues generated from the applications. Chief Executive Steve Jobs said

"if sales continue at the current pace, the firm stands to make at least $360m a year in new revenue".

He also predicted that the Apps Store could eventually pull in up to $1bn.

T-mobile have already been prompted to work with developers to create their own version of the App Store.

Despite the reported success of the App Store, concerns have been raised about the validity of some of the applications and guaranteed quality assurance.

Either way widgets and applications that connect communication channels are here to stay.

RELATED LINKS:
Cx3 blog entry: iPhone driving growth in mobile internet usage behaviour