Income from iPhone apps is nothing to scoff at. The Guardian's app costs £2.39, and the UK newspaper announced it has sold almost 69,000 app downloads since the app's launch in December. At that rate, income from the app alone could reach £1.97 million a year, paidContent reported today.

In the first 48 hours after launching the app, the Guardian made £20,000. It is currently listed in the top 10 news apps on Apple's Web site. However, Apple does get a 30 percent commission, and these figures are before that commission is taken, paidContent pointed out.

For more on this story please see our sister publication www.sfnblog.com