Steve Jobs Confirms App Store Kill Switch, 60 Million Apps barrier shattered

The Wall Street Journal bestowed a few interesting tid-bits about the success of Apple's iPhone App Store which is a virtual marketplace for iPhone-only applications

Apple's CEO, Steve Jobs, confirmed that Apple has been recording revenues of $1 million per day on average, with more than 60 million programs being downloaded since App Store went live.

Although most applications were free, Jobs is positively convinced that App Store could re-enact iTunes success, possibly becoming a USD 1 billion cash cow at some point in time.

Which means that developers look at least to get a potential windfall of USD 2.33 billion by then; already the top 10 developers earnt USD9 million in 30 days.

Big winners have been Sega's Super Monkey ball (averaging over 15,000 downloads a day) and medical book Epocrates which has been downloaded more than 125,000 until now.

Jobs also confirmed the existence of a kill switch feature which allows apple to remove dubious software from the App store almost instantly.

He told the WSJ that "Hopefully we never have to pull that lever, but we would be irresponsible not to have a lever like that to pull".

Another key proposal put forward by Jobs is future phones will be differentiated by the software they use rather than hardware being used.