Apple Inc.’s share price up, reveals a 50% increase in its App Store sales over 2014

Apple Inc. said that its customers spent almost $15 billion to purchase applications for their iPhones and iPhads last year. The companys revenue increased by the record 50% in 2014 in comparison with the prior year.

The senior Vice-President of internet software and services unit, Eddy Cue, commented in a statement, cited by the Financial Times: “This year is off to a tremendous start after a record-breaking year for the App Store and our developer community.”

According to the U.S.-based companys statement, it paid more than 10 billion to developers last year, which increased their total income generated by Apple App Store since its release in 2008 to $25 billion. 30 cents of every dollar generated by the App Store is being kept by Apple.

As reported by Bloomberg, Apple also said: “Apple ignited the app revolution with the launch of the App Store in 2008. Since then, an entire industry has been built around app design and development.”

In addition, the company revealed in a statement published on its website that it created and supported a total of 1.03 million jobs over the year. More than 627 000 positions in the U.S. were generated by the applications centre of the tech giant, while almost 334 000 jobs have been created as a result of Apples growth and spending. About 66 000 employees work directly for the company in its home market.

The figures above were released by Apple as part of a new policy to emphasize on its contribution to the US economy, after facing a lot of criticism in the past.

Apple Inc. was up 3.84% to close at $111.89 per share yesterday, marking a one-year gain of 44.12% The company is valued at $631.94 billion. The companys shares traded at €95.00 in Frankfurt as of 9:47 GMT. According to CNN Money, the 43 analysts offering 12-month price forecasts for Apple Inc. have a median target of $123.00, with a high estimate of $150.00 and a low estimate of $60.00. The median estimate represents a +9.93% increase from the last price of $111.89.