If you thought that the app store helps rake in millions for a developer, it is probably your misconception and not all (actually not sure if any) developers sitting out there are driving Ferraris because their application was a popular arrival at the app store.

As per a recent AdMob survey (with 1,117 relevant respondents) users purchasing applications at the App Store spent on average $9 per five downloads.

Apparently there’s $200 million worth of applications sold in Apple’s iPhone store every month, which makes for some $2.4 billion a year. But people love freebies and believe it or not the main thing that convinces them to spend money is actually playing with the free one at first.

The iPhone and the Android users download ten new applications a month and the iPod touch users get 18 new apps downloaded a month on average. Combining the stats for both iPhone and Android, almost half the number of people downloads the freebies. The fact of the matter is that ‘cheap is here to stay’ and a free version is how you can entice a user to download your application.

So how many of you have made money with apps … and can you tell us how much?

[via ArsTechnica]

There is a Facebook 3.0 app for the iPhone thas arrived and is awaiting the App store approval. The latest version looks like the full Facebook but with a cleaner, snappier and bug-free interface.

Some great features have been added to the application and that includes the all new News Feed that imitates the web based version, very well. There’s also the Like feature in full swing, but for it, Facebook is expected to fix the notification system so that a user doesn’t get bombarded with notifications after ‘liking’ something. Other than these there’s access to events, too. They include the ability to RSVP but there is still no access to the event’s wall.

The iPhone users can edit notes but cannot tag people in notes. They can now create new albums and upload photos to them, zoom in photos and can even have an album of profile pictures. You can quickly text friends directly from the friends page and all the messages you type will be restored in case there is an interruption to your connection.

To top it all there is a new homescreen that ensures easy access to all your stuff, search and notifications.

We think we’ll give it a try in here and let you know!

For more info check out AppAdvice