Tim Cook: $8 Billion Paid to Developers

Posted by Jeff Scott on February 12th, 2013

Tim Cook is being interviewed today at the Goldman Sachs event in San Francisco. Fortune has the details, live blogged by Philip Elmer-Dewitt. One of the things Mr. Cook mentioned is that Apple has now paid out over $8 Billion to app developers. A staggering number considering Apple had announced $7 Billion paid to developers just a little over a month ago.

Mr. Cook also had a non-denial of the possibility of a cheaper iPhone, and larger screens for iPhones, he stated that Apple will "never create a crappy product."

Posted in: News, App Store Insiders
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