App store generated over $70 billion for developers


Ahead of Apple's World Wide Developer Conference next week the company announced a $70 billion milestone for its developers. Apple also said that in the past 12 months downloaded have grown 70-percent.

"People everywhere love apps and our customers are downloading them in record numbers," said Philip Schiller, Apple's senior vice president of Worldwide Marketing. "Seventy billion dollars earned by developers is simply mind-blowing. We are amazed at all of the great new apps our developers create and can't wait to see them again next week at our Worldwide Developers Conference."