Apple today announced in their iOS 4.2 press release that the App Store has finally hit 300,000 active applications. Interestingly enough, 40,000 of them are for the iPad making the other 260,000 apps for the iPhone/iPod touch. Apple also notes that the App Store is available in 90 countries with 20 categories of applications available.

Today, customers have downloaded more than seven billion apps from the groundbreaking App Store and more than 300,000 apps are available to consumers in 90 countries, with more than 40,000 native iPad apps. Over 125 million iOS users around the world can choose from an incredible range of apps in 20 categories, including games, business, news, sports, health, reference and travel.

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