A month after Apple launched its App Store online, the iPhone-maker is reporting eye-popping results.

Users have downloaded more than 60 million programs for the iPhone, according to a Wall Street Journal report. Even though most of those applications are free, Apple CEO Steve Jobs told the Journal his company sold an average of $1 million a day in applications. That’s a whopping $30 million in the first month.

Some quick math suggests Apple could haul in at

least $360 million a year with its latest revenue stream whether sales continue at that pace. Apple keeps only 30 percent of the revenues, which the company says covers its administration costs. Developers keep the remaining 70 percent.

“This thing’s going to crest a half a billion, soon,” Jobs told the Journal . “Who knows, perhaps it will be a $1 billion marketplace at some point in day. I’ve never seen anything like […]

Orginal post by dhiram