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In-app purchases now account for a staggering 76% of App Store revenue according to report

Love them or hate them, in-app purchases look here to stay. According to a report from Distimo, in-app purchases now account for a staggering 76% of App Store revenue as of February 2013. This has seen a huge increase since January 2012, where in-app purchases accounted for just 53% of revenue.

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Apple avoids billions in corporate taxes, states all their practices are legal and ethical

Each year Apple -- an many, many other tech companies -- manages to avoid billions in corporate taxes around the world and across the U.S. They do this by setting up offices and funneling money to tax-friendly places like Ireland and Reno, Nevada. Even though Apple's corporate headquarters is in Cupertino, California, having offices to collect profits and invest money in countries and state with little or no corporate tax, they legally hang on to vast amounts of profit each year.

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Apple still claiming biggest share of profits among smartphone manufacturers

After all is said and done, Apple is claiming 75% of the profit share, 40% of the revenue share, and 9% of the unit share of the mobile market.

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Developers rushing to submit apps before Apple's annual holiday break

The New York Times has a great piece up on how app developers for the iPhone, iPad and iPod touch are in a mad rush to get their apps submitted and approved into the App Store before it goes dark for Apple's annual holiday break.

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Apple posts higher revenue than Microsoft

Apple earned more revenue this quarter than their ancient frenemy, Microsoft. Roughly $20 billion to $16 billion, or $4 billion more. Not too long ago they passed Microsoft in market cap as well, another impressive sounding, if not terribly meaningful measure. Microsoft still leads in revenue due to their software-centric business being much higher margin than Apple's hardware-heavy mix. But that too could and just might change as well.

Apple, thanks to the Apple II, got off to an impressive lead in the early days of command line personal computing. But things changed. Apple squandered the Mac's first mover advantage and Microsoft and Windows ended up ruling the graphical user interface world. Now things are changing again. And that's where it gets interesting.

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