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Analyst: Average selling price of Apple App Store app is $1.49

The Apple Appe Store isn’t highly profitable for Apple, as paid-for applications carry an average selling price of $1.49, according to “AppleInsider” (http://www.appleinsider.com).

Gene Munster, Wall Street analyst with Piper Jaffray, told clients in a note today that app pricing data suggests that 81%of downloaded applications (totaling four billion) are free, while the top 50 paid applications have an average selling price of $1.49. Applications on the iPad are a bit more expensive, with the average selling price of the top 30 amounting to $4.66. Munster said he expects the cost of Apple App Store software to skew higher as the mix shifts slightly toward the tablet device.

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