Taxing Testimony: 10 Highlights From Apple CEO Tim Cook's Remarks To Congress


Apple Created The 'App Economy'

"If you've ever used an iPhone or an iPad, then you know mobile apps are one of the hottest things in technology today. Apps have made software development one of the fastest-growing job segments in the U.S. today. We estimate that the App Store has generated nearly 300,000 new jobs in the U.S. App developers have earned over $9 billion from apps sold on the App Store -- half in the last year alone. None of that economic activity was there five years ago. But Apple took a bold step in developing the App Store, and the app economy was born."