The fifth generation iPod Classic introduced on 12th October 2005 was the first to play video. To complement this, Apple began selling videos through the iTunes Store.
As of January 8, 2015, App developers have earned $25 billion which translates to almost $11 billion for Apple - the company takes 30% of the total revenue. Now when you think about it, Apple simply provides a platform for the third party developers - No storage costs, no R&D - and gets billions! [more...]