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Is IPhone App Store Missing $450 Mill?

  • Mashable, Wednesday, January 13, 2010 3:26 PM
Mashable looks into a new report claiming that the iPhone App Store has lost a whopping $450 million to piracy and "cracked downloads." No doubt, cracked software and piracy -- problems that have plagued the desktop software market for years -- have become more prevalent in the mobile application space.

Yet, the report conducted by a Web site named 24/7 Wall St. might have relied on some questionable methodology, according to Mashable. Chiefly, the report assumes that paid iPhone applications have a piracy rate of 75%. "How did they come to this conclusion? "Using some past piracy usage examples from apps from Fishlabs and other developers, they came to the conclusion that for every app purchased, three more were downloaded from cracked sources."

Read the whole story at Mashable »

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