App Saga
Your Source for Free iOS Apps and Reviews
Minecraft: Story Mode is a fantastic way to explore the game universe with a unique narrative

Gone Free! Minecraft Story Mode!

 
Soundtrack Attack: A rhythm runner filled with jewels and colorful environments

Gone Free! Soundtrack Attack

 
Toca Life: School is a fun way for kids to prepare for the eventual school year with mini-games and engaging tasks

Apps For Kids: Toca Life: School

 

iTunes Economy does $12 Billion Annual Business, As Seen in Asymco Report

We weren’t requiring any confirmation that iTunes is a heck of a cash cow for Apple, but we just got it thanks to a report from Horace Dediu of Asymco. Dediu apparently did some data gathering and then took it upon himself to spread the word that through the iTunes economy alone, Apple does about $12 billion annual business—which, if it’s anywhere near accurate, is mind-blowing.

asymcologotuawThe $12 billion figure speaks well enough for itself, but the growth of iTunes is even more incredible when you consider that apps sold in the App Store now account for about one third ($4 billion) of year revenue. The iTunes bread and butter of years past (music, books, movies, TV) is shown to be growing at a rate that’s half of what apps are doing… The Asymco report also indicates that—over the last 5 years—Apple has spent about $10 billion to create $24 billion worth of sales for content owners.

Screen-Shot-2013-01-09-at-1-9-3.17.11-PM

The full report goes into even greater detail, but suffice it to say that at $3.5 billion yearly operation costs, iTunes is a pretty healthy machine… And with apps to thank for 1/3 of all iTunes revenue, it will be interesting to see the direction the App Store takes relative to Apple’s other media interest in the coming years.

Leave a Comment

Best Free Apps of the Day on May 29.  WidgeTunes, Stunt Star, Fonta, & More

Apps Gone Free! Widge Tunes & More

 
Toca Life: School is a fun way for kids to prepare for the eventual school year with mini-games and engaging tasks

Apps For Kids: Toca Life: School

 
Monki Home: Give your kids the chance to learn the basics for three different languages

Apps For Kids! Monki Home