The iOS App Store was announced on July 10, 2008. Since then, the iOS App Store has grown to 200 million users and over 750,000 apps. On March 7, 2012, the 25 billionth app was downloaded. As of December of 2011, the iOS App Store was estimated at a value of over $7.08 billion.
It has also been announced that over a billion apps have been submitted to the iOS App Store.