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

1 comment:

Frances said...

There might be some weird economics when it comes to the industry which makes onhold music as well as other kinds of music but then again, the fact that this has created hundreds of thousands of jobs is definitely great to hear.