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Apple: Record Apps Downloaded In December

|About: Apple Inc. (AAPL)

December 2012 was a record month for Apple's (NASDAQ:AAPL) App Store with more than 2 billion apps downloaded, according to a press release issued from Cupertino. The robust December numbers were no doubt fueled by holiday purchases of new iOS devices. Apple also announced today that customers have downloaded over 40 billion apps since the App Store opened in 2008 with nearly 20 billion downloaded in 2012 alone.

"It has been an incredible year for the iOS developer community," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "Developers have made over seven billion dollars on the App Store, and we continue to invest in providing them with the best ecosystem so they can create the most innovative apps in the world." Apple said there are now over 775,000 apps for iPhone, iPad and iPod touch, with developers having been paid over seven billion dollars by Apple. Apple added that its App Store now has more than 500 million active accounts. Apple releases this data on the heels of a report from The Sociable which estimates there are now 800,000 apps available on Google's (NASDAQ:GOOG) Google Play app store.

As I mentioned, Apple's healthy December app numbers were undoubtedly driven by a large number of people receiving new iPods, iPad minis and iPhones during the holidays. While we don't yet know these numbers, expect to hear them during Apple's earnings call in two weeks. Based on the number of apps downloaded in December, these numbers should be vigorous indeed and should help drive Apple's PPS up in coming weeks, making it a bargain at its current price of $523.90 at end of the trading day Monday.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.