Tag Archives: 60 Million

App Store not especially profitable for Apple?

The App Store has not been as profitable for Apple as one might expect, claims the venture capital firm Lightspeed. The company recently achieved the goal of over 1 billion app downloads, but of these, the ratio of paid apps is said to be anywhere between 1:15 and 1:40, according to people involved in the industry. This translates into just 25 to 60 million downloads which could generate income …