There’s Gold In Them iPhone (apps)

Some kid in his bedroom can make a million bucks just by writing a little application for the Apple phone. Newsweek reports.

... Thousands of people are writing applications for the iPhone and selling them through Apple's App Store, which is part of the iTunes online market.

Apple won't say how much money the App Store is taking in, nor will it say how many of the 300 million downloads were free apps and how many were apps that cost money (most apps are free; the others cost anywhere from a buck to $10). Apple gets a 30 percent cut of any revenue generated by apps. But for Apple right now the money isn't the point. The big thing is the race to become the dominant mobile-computing platform.

Read full article.

emily | 9:05 PM | Cell Phone Apps Related Articles |
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