How much am I making?

[benkenobi]

Hey

How much am I making? I have a feeling the royalty price (7cents) is the only amount I get every time somebody buys my app. It would be great if someone could enlighten me here.


Here is the pic: http://twitpic.com/71evh

[detz]

Hey

How much am I making? I have a feeling the royalty price (7cents) is the only amount I get every time somebody buys my app. It would be great if someone could enlightenment me here.

First question, how do you have an app on the store and not know what you're getting? Did you read/understand the contracts you signed? :confused: Where did $0.07 come from? If you're selling your app for $0.99 then you will get $0.69 for each app sold(minus what taxes you have to pay).

[benkenobi]

Sorry i forgot to post the image.

I haven't had time to figure out these financial reports. At the end of the report it says Total Amount: 8.4, I'd like to know what that means, I can't even guess what that is.


http://img44.imageshack.us/img44/2862/sn2.jpg

[themoonisdown09]

The .7 means 70%. That is because developers make 70% and Apple makes 30%.

So, you should be making about $0.69 for each sale.

[Hawkeye411]

ummm ... That's 70 cents (i.e. 0.70), not 7 cents (i.e. 0.07).

Cheers.

[themoonisdown09]

ummm ... That's 70 cents (i.e. 0.70), not 7 cents (i.e. 0.07).

Cheers.

Maybe it does stand for $0.70. I figured it was showing the percentage (70%). Oh well.

[Hawkeye411]

Maybe it does stand for $0.70. I figured it was showing the percentage (70%). Oh well.

I was looking at his TwitPic and it refers to price but the info he give in item #3 of this thread does look like a percentage. Anywhooooooo ... I guess it would work out to be the same amount of money either way ;) since the app is $0.99. :)

Cheers.

[benkenobi]

Ah it all makes sense now. How kind of them to leave out the zeroes.

[justfred]

Maybe it does stand for $0.70. I figured it was showing the percentage (70%). Oh well.

If you break up that word you'll see it's all the same. Per Cent age comes from a 100 unit division. Hence "cents on the dollar", etc.

That table is telling you that your customers pay 99 cents ($0.99) for your app, and you are earning 70 cents ($0.70) for each sale. You made $8.40 for 12 sales.

12 * .7 = 8.4

Apple probably should format their data to represent money, but grade schools should teach you what it means when it's written that way too. :p :apple:

Anyway, congratulations on your cheeseburger after taxes.