App Store Hits Over 40 Billion Apps Download Worldwide; iPhone mini in Works

Apple customers have downloaded over 40 billion apps, and the App Store now has over 775,000 apps for iPhone, iPad and iPod touch, 500 million active accounts, with two billion downloads during Dec 2012 worldwide. Developers have been paid over seven billion dollars. Said to be working on an iPhone Mini.

Apple, customers have downloaded over 40 billion apps, with nearly 20 billion in 2012 alone. In addition, the "App Store now has over 500 million active accounts" and had a record-breaking December with "over two billion downloads during the last month of 2012."

The 40 billion figures is excluding re-downloads and updates.

"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," said Eddy Cue, Apple's svp of Internet Software and Services.

App Store now offers "more than 775,000 apps to iPhone, iPad and iPod touch users in 155 countries around the world," with "more than 300,000 native iPad apps" available," the company adds.

The App Store customers can choose from an incredible range of apps in 23 categories, including newspapers and magazines offered in Newsstand, games, business, news, sports, health & fitness and travel.

Apple further notes that Temple Run was downloaded more than 75 million times last year. "The success of our game Temple Run in 2012 was nothing short of astonishing," said Keith Shepherd, co-founder of Imangi Studios.

"Backflip Studios and Supercell, brought in over $100 million combined for their leading freemium titles DragonVale and Clash of Clans; Uber, Flipboard, HotelTonight, and AirBnB attracted millions of users on iOS," the company added.

After iPad Mini, now the rumors are floating around revealing Apple is working on a new less expensive version of its flagshhip iPhone dubbed iPhone mini.

According to some insider, Apple is "working on" the budget device in an attempt to fight back against the deluge of budget Android handsets taking market share, frankly, everywhere.

"While Apple has explored such a device for years, the plan is progressing and a less expensive version of its flagship device could launch later this year, one of the people said. The cheaper phone could resemble the standard iPhone, with a different, less-expensive body," reports WSJ citing the inside people.