Tim Cook: $8 Billion Paid to Developers

Tim Cook is being interviewed today at the Goldman Sachs event in San Francisco. Fortune has the details, live blogged by Philip Elmer-Dewitt. One of the things Mr. Cook mentioned is that Apple has now paid out over $8 Billion to app developers. A staggering number considering Apple had announced $7 Billion paid to developers just a little over a month ago.

Mr. Cook also had a non-denial of the possibility of a cheaper iPhone, and larger screens for iPhones, he stated that Apple will "never create a crappy product."