The developer, marketer and distributor of video games, Electronic Arts Inc., reported to be one of the main beneficiaries of the success of Apple's app store.
Blake J. Jorgensen, Electronic Arts CFO and Executive Vice President, stated that US$90 million of the company's overall revenue of US$103 million came from games developed for smartphones and tablets. He added that the business grew 73% year-over-year.
"iTunes Stores generated record billings of US$4.3 billion in the June quarter, culminating in our best months and best week ever for App Store billings at the very end of the quarter," Apple's CFO Peter Oppenheimer stated through Yahoo Finance. "App developers have made over US$11 billion for their sales through the App Store, half of which was earned in the last four quarters."
"Our quarter was notable for the high percentage of revenue attributable to digital games and services. To that end, Apple was EA's biggest retail partner measured by sales, and that, is a first," Peter Robert Moore, Electronic Arts President and COO said via Seeking Alpha.
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