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Apple Has Paid Developers $5 Billion Amid 30 Billion Downloads

Apple Chief Executive Officer Tim Cook
Apple Inc. Chief Executive Officer Tim Cook speaks at the Apple Worldwide Developers Conference in San Francisco. Photographer: David Paul Morris/Bloomberg

Apple Inc. has paid software developers $5 billion, sharing a portion of the revenue raised from downloads of 30 billion applications from its online store.

The App Store, a marketplace where users can choose from downloadable games, magazines and productivity tools, now boasts more than 650,000 apps, Apple Chief Executive Officer Tim Cook said today at a conference for developers in San Francisco.

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