Unofficial iPhone app stores for people who hack their phones are no financial threat to Apple — but they’re not dead, either.
Wired‘s Brian Chen reports that Cydia, perhaps the most popular of the “jailbreak” stores, claims about 4 million people have installed it. That’s about 10% of the iPhone/iPod touch install base. (About 470,000 people connect to the store daily.)
And he says the store has made $220,000 in gross revenue since opening five months ago. That’s a roughly $500,000 annual run rate. Not bad, but again, no threat to Apple.
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