iPhone App Store hits 1.5 billion downloads

A graphic of new iPhone icons on display behind Scott Forstall, Senior Vice President of iPhone Software, at Apple headquarters in Cupertino, Calif.

"The App Store is like nothing the industry has ever seen before in both scale and quality," said Apple CEO Steve Jobs. "With 1.5 billion apps downloaded, it is going to be very hard for others to catch up."

That's probably true, according to Pete Meyers, associate publisher at O'Reilly and editor of the new book Best iPhone Apps: The Guide for Discriminating Downloaders.

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