Apple's App Store set a new revenue record in July and is the tech company's fastest-growing segment. iTunes is enjoying a 12 percent year-over-year increase with revenue of $4.5 billion in the second fiscal quarter, according to CEO Tim Cook.
Cook said Apple's storefront hit 75 billion app downloads and approximately $20 billion was paid to developers, with almost half of that being paid in the last year.
Not only is the App Store creating a lot of revenue, but it is also creating a lot of jobs as well as a good relationship with the European Union, claims Apple.
"Roughly 500,000 jobs have been created in Europe that are directly attributable to the App Store. Of the more than $20 billion developers have earned from App Store sales worldwide, $6.5 billion has been paid to European developers," the company said on its website. "In 2014 the overall app economy is expected to deliver $16.5 billion in revenues to EU GDP, and this contribution is growing at a rate of 12 percent per year."
On top of the roughly 500,000 jobs, which is more like 497,000 jobs directly attributed to the App Store, Apple says that the company either directly or indirectly supports another 132,000 jobs.
Apple directly employs 16,000 people in Europe, bringing the total number of people that are employed because of Apple to around 629,000.
"This job growth for coders, developers, entrepreneurs, and others would not have existed without Apple's innovation and technology," said the company. "We also provide app developers with the tools and distribution they need to bring their best ideas to hundreds of millions of iOS customers worldwide through the incredible App Store."
Apple has also given a breakdown of members of its paid developer program by country, with 61,100 positions in the U.K., 52,000 in Germany, 30,000 jobs in France, 20,900 in Italy and 18,300 in the Netherlands.
According to Apple, 5,000 of the people directly employed by the company are located in the U.K. and 4,000 in Ireland, where the company has its international headquarters.
Similar statistics about the U.S. were shared by Apple last year, with the company claiming that around 80,000 jobs were created by the "app economy" in 2012.
