iPhone App Store News

App Store Apple’s Latest, Greatest Coup

Apple has done it again! Starting with the Apple IIE (remember that innovation?) and all the way up through the iMac, iPod, iTunes, iTunes Music Store, MacBook, and – of course – the iPhone, the App Store is a smashing success with record sales spiraling out of control and further cementing CEO Steve Jobs’ seat atop the progress and innovation throne.

The App Store, an iTunes-like online distributor of 3rd party mobile applications specifically for use on the iPhone, is averaging $1 million in sales per day!

At that rate, it could earn Apple $365 million in sales in a year’s time. This bolsters Jobs’ prediction that iPhone software could become a billion dollar industry.

App Store visitors downloaded over 60 million programs for the month of July, ’08, its first month open.