$AAPL ‘ s Bountiful “Harvest”: App Store Reaches 2Million

$AAPL ‘ s Bountiful “Harvest”: App Store Reaches 2Million

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At Apple’s WWDC event, CEO Tim Cook gave attendees an update on the sizable growth of its App Store and the developer community in general. He announced the company hit a new milestone with the App Store: there are now 2 million apps on the App Store – up from 1.5 million announced this time last year. These 2 million apps have been downloaded some 130 billion times.

The now 8 year old app store has grown significantly over the years, but many developers have been struggling to make building apps a profitable business. To some extent, the problem of app discovery has been a challenge. But Apple is still betting big on its developer community, as they’re a key part of Apple’s future. Cook said that this community is still growing – there are now 13 million registered developers building for its platforms, and 2 million were added in the last year alone.

These changes, Apple believes, will help inspire consumers to find new apps and install them. But it may or not work – people are only really using a handful of apps regularly, and keeping them engaged with newer ones is a challenge.At the sold-out conference over 70 percent of attendees are there for the first time ever, the CEO also notes. And 100 are under the age of 18. “The youngest is only 9. Wow,” said Cook. She’ll make “one heck of a developer,” he added.

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