Big Profits from App Store? Maybe Not for Apple (PC World)

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PC World - There’s little doubt that Apple’s App Store has proven wildly popular with iPhone and iPod touch users, who’ve downloaded more than a billion apps since the store opened for business less than a year ago. Naturally, most of us assume Apple’s making a killing from its 30-percent cut of those App Store sales, but one number-crunching venture capitalist says that’s not the case.

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