Apple Apps Hit Milestone

Apple (NASDAQ:AAPL) announced its Mac App Store, launched in January, has become the “fastest growing PC software store in the world” with downloads touching the magic 100 million figure.

The Store offers free and paid apps to users of Apple’s Mac OS X Snow Leopard and Lion users. The paid app revenues are shared 70:30 between the developer and Apple.

Apps have become the new way to market and purchase software, and Apple reported that its Mobile App Store was also going gung-ho with about a billion downloads a month of over half a million apps.

Google’s (NASDAQ:GOOG) Android marketplace is also a big app player, with one billion being downloaded every month.

Here’s how these app giants are trading now:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $391.97, down $1.65, or 0.42%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 3,656,264 shares versus a 3-month average volume of 18,886,600 shares. The company’s trailing P/E is 14.16, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $622.39, down $5.03, or 0.8%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 721,500 shares versus a 3-month average volume of 3,138,670 shares. The company’s trailing P/E is 21.22, while trailing earnings are $29.34 per share. Get the most recent company news and stock data here >>