iOS App Development: Are Apple App Developers Getting Rich?

iOS App Development: While there is no easy way to “get rich quick” Apple Inc. (NASDAQ:AAPL) and its App Store has put many people on the fast track to success.

As we discussed earlier today, the Apple App Store recently eclipsed 40 billion downloads. With so many people downloading apps, it only makes sense that there are developers out there making gobs of money.

Just how much money are developers making? Eddy Cue, Apple’s senior vice president of Internet Software and Services, added this note to a recent press release issued by the company:

“It has been an incredible year for the iOS developer community. Developers have made over seven billion dollars on the App Store, and we continue to invest in providing them with the best ecosystem so they can create the most innovative apps in the world.”

Does that answer your questions? To date, developers have made over $7 billion dollars on the Apple Inc. (NASDAQ:AAPL) App Store. That cannot be considered “small change” no matter who you are.

Apple Inc. (NASDAQ:AAPL) Press Info

If that number is not incredible enough, take a closer look at how developer earnings have increased over the past year or so.

A Wall Street Journal article breaks things down for us:

“In March last year, Apple had paid out $4 billion to developers when it announced it had hit 25 billion downloads. In July 2011, it was at $2.5 billion.”

In other words, developers are continuing to make more and more money with each passing year. Not to mention the fact that the Apple Inc. (NASDAQ:AAPL) App Store appears to be eclipsing download milestones at a faster rate.

Here are a few quotes by successful app developers from the Apple press release: