Just 30 days after Steve Jobs introduced the App Store in 2008, there were 1.5k apps available and users had downloaded them 60m+ times.
Remember, the iPhone was introduced the year prior, in 2007, when Apple’s total revenue was $24.6B.
As of last year, Apple has doled out $260B to developers through the App Store. That growth is what we in the biz call “absolutely nuts.”
It’s also why lawsuits frequently spring up against the “Apple Tax,” or Apple’s practice of taking 15%-30% in app commissions — and more will surely come.
(Wanna step back in time for a sec? Check out Jobs introducing the App Store in this clip.)
