As you probably already know, new apps are being added to the iTunes App Store each and everyday. In fact, what started out as 500 apps at the time of launch has since grown to over 900! However, the number of free apps seems to be falling fast. But the vast majority are under $10, with many more in the $5 range, so you won't break the bank on apps anytime soon.

And it would seem Apple and developers would be raking in a lot of cash from this app cash cow, but not so, says Apple Chief Operating Officer, Tim Cook during the Q3 conference on Monday. Rather, the App Store is intended to help boost iPhone 3G and iPod Touch sales, much like the iTunes Store itself. 

As the App Store continues to grow, we'll have to see what new gems pop up and what major developers decide to latch onto the platform. 

[via The iPhone Blog]