Bloomberg News

App Economy Generates Nearly 500,000 Jobs, $20B

May 31, 2012

Bloomberg's Betty Liu reports on the economy built up around apps, applications for use on the Apple iPhone. In 5 years, almost 1 million apps have been developed, creating jobs and generating nearly $20 billion in revenue for companies large and small. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Running Time: 01:36

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