Apple Paid Out Around $8 Billion To Developers

Apple CEO Tim Cook said that the company has paid out around $8 billion to developers.  This is about a $1 billion increase since the last time the numbers were announced on January 7th.  In October 2012, Apple said that they paid $6.5 billion to developers in October.

Consumers have a tendency to spend more on apps during the holiday season, which explains the $1 billion increase in about a month.

The Apple App Store hit around 775,000 app mark in December and there are over 300,000 apps designed for the iPad.

[Source: TNW]