Business

Apple iPhone sales tumble, trimming profit

Apple shares were sent reeling Thursday on word of a steep drop in sales of iPhones, which are at the heart of the tech titan's money-making engine.

Internet

Facebook takes mobile games into the cloud

Facebook on Monday put its spin on cloud gaming by letting players instantly hop into an array of mobile games at the social network without downloading apps—but won't be offering the service for Apple iOS devices.

Business

Big Tech and antitrust: where things stand

The US antitrust suit against Google is just one of several actions in the United States against the massive firms which have become increasingly dominant in parts of the economy.

Business

South Korea launches antitrust probe into Google

South Korea has launched an antitrust probe into Google over its plan to enforce its 30-percent Play Store commission by disallowing any apps circumventing its payment system, a top official said Thursday.

Business

Epic Games battles to get Fortnite back in App Store

Epic Games will strive anew Monday to convince a judge that its hit title Fortnite should be restored to Apple's App Store, despite sidestepping the tech titan's standard commission on transactions.

Business

Facebook gets reprieve from Apple on live events cut

Facebook said Friday it struck a deal in which Apple agreed to temporarily forgo its cut of revenue from paid events at the leading social network to help pandemic-hit performers earn money during the pandemic.

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App Store

The App Store is a service for the iPhone and iPod Touch created by Apple Inc. which allows users to browse and download applications from the iTunes Store that were developed with the iPhone SDK and published through Apple. They are available to purchase or free of charge, depending on the application. The applications are downloaded directly to iPhone or iPod Touch. The App Store is also available within iTunes. While Apple has stated that they do not expect to profit from the store, it has been predicted by Piper Jaffray that the App Store could create a profitable marketplace with revenue exceeding US$1 billion annually for the company. Apple allows 70% of revenues from the store to instantly go to the seller of the app, and 30% go to Apple. The App Store opened early in the morning on July 10, 2008 via an update to iTunes. Applications were immediately available for download at that time. However, iPhone and iPod Touch software version 2.0 was not yet available through Software Update, making the applications unusable. The iPhone OS 2.0 was released on July 11, 2008, and applications were able to be transferred onto the newly updated devices. As of July 14, 2009, there are over 65,000 third-party applications officially available for the iPhone and iPod Touch on the App Store.

After the success of Apple's App Store, and the launch of similar services by its competitors, the term "app store" has appeared as a generic term referring to any similar service for mobile devices.

The App Store is accessible from the iPhone and iPod Touch via an iPhone OS application by the same name.

This text uses material from Wikipedia, licensed under CC BY-SA