NYT: Momentum Continues to Build for Apple's AppStore

Although the company does not confirm figures, Apple's AppStore may now be generating $1 billion in revenue per year, according to an in-depth article on mobile commerce published by The New York Times. Developers have flocked to the AppStore thanks to the simple model -- Apple takes 30% of the revenue from any App sale and the developer keeps the rest. One game developer cited in the story is pocketing $181,000 per month for its top game. Other mobile commerce storefronts mentioned in the article include Palm, Research In Motion, Microsoft and Google (Android).
http://www.nytimes.com