Tuesday, November 20, 2012

How the Music Industry Explains the Weird Economics of the App World - Derek Thompson - The Atlantic

Excerpt from another timely app-onomics reality check
"The App Economy isn't merely delightful, it's also an economic juggernaut that's created more than 400,000 jobs and a multi-billion-dollar business where there was, very recently, nothing. That's the good news. The bad news is that in the App Economy, as in every hit-making business, there is the top 1% and there is everybody else. For a taste of the App Economy's inequality: Of the $6.5 billion that Apple has paid to app developers, only 25% made more than $30,000 and 4% made more than $1 million. "
How the Music Industry Explains the Weird Economics of the App World - Derek Thompson - The Atlantic
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