Apple announced today that since it launched in 2008, developers have earned over $70 billion from the App Store. From an article: “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.” According to Apple’s press release, subscriptions saw a 58 percent increase year over year, fueled by their availability in all 25 app categories. Games and Entertainment are the App Store’s top grossing categories, Lifestyle and Health and Fitness apps have experienced 70 percent growth, and the Photo and Video category is up over 90 percent.

Read more of this story at Slashdot.

Source: Slashdot – App Store Earnings For Developers Exceed Billion; App Downloads Up 70% YoY