WEBVTT

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Now, five years ago today, iPhone users began to download apps.

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It might not seem like much, but the opening of the App Store, it was a milestone, turning handsets from simply being phones into the handheld computers they are today.

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Now, first, let's remind you what the iPhone was like when it came out back in 2007.

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No Facebook, no Angry Birds, no Skype, just the basic apps that came with the phone.

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Now, the App Store allowed you to change what your device could do.

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And suddenly your phone wasn't just a phone. It was also a piano, it was a game console, or even a comic book.

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There are now 850,000 apps on Apple's App Store alone.

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And when you combine that with similar services from Google, BlackBerry, Microsoft and more,

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Gartner says all of these stores will generate $25 billion in sales this year.

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Now, that dwarfs the entire music industry, which made just $16 billion last year.

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And the irony is that none of this would exist if Steve Jobs had his way.

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Now, the late Apple CEO's biography says that he initially resisted allowing other people to make apps.

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He didn't want outsiders to create applications for the iPhone that could mess it up, infect it with viruses or pollute its integrity

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-- proof that Steve Jobs wasn't always right.