App Store: 1% of Apple’s gross profit (Philip Elmer-DeWitt/Fortune)

Philip Elmer-DeWitt / Fortune:
App Store: 1% of Apple’s gross profit  —  Since its launch in July 2008, it has generated revenue of $429 million for the company  —  Click to enlarge.  Source: Piper Jaffray  —  Apple (AAPL) claims to run the App Store at or near break even, and apparently that’s not terribly far from the truth.

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