App Sales Booming
mocoNews, Wednesday, May 4, 2011 2:15 PM
Year-over-year, revenue from the four top app stores run by Apple, Google, Nokia and RIM will rise 77% to $3.8 billion in 2011, according to a new report from the analysts at IHS Screen Digest. On the news, mocoNews writes: "Developers that are bemoaning the dominance of free apps in app stores like the Android Market: do not despair, there's money yet in apps." Even more remarkable, in 2008 -- when research firms first began tracking app sales -- revenues amounted to just $206 million.
Read the whole story at mocoNews »
The researchers forecast that apps will bring in revenues of $5.6 billion in 2012, $6.9 billion in 2013 and $8.3 billion in 2014. They note, however, that the rise of the Windows Phone Marketplace from Microsoft, helped along by Nokia's push in Windows Phones, could impact those forecasts. Currently, when it comes to making money, Apple is bringing in more than all the others combined, notes mocoNews. The company is projected to bring in $2.91 billion in gross revenues in 2011, and continue to hold on to 60% of the market by 2014.
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