Major mobile app store revenue will grow 77.7% in 2011
Major mobile app store revenue will grow 77.7% in 2011
According to IHS-owned market research firm iSuppli, revenues from major mobile app stores will grow 77.7% to $3.8 billion this year. iSuppli estimates that major app markets like those offered by Apple, Google, Nokia and RIM sold $2.1 billion worth of apps in 2010 and just $830.6 million in 2009. “With consumers continuing to show robust, unflagging interest in downloading games and other applications to devices like smart phones and tablets, collective revenues from the four stores will climb sharply this year,” said IHS mobile media analyst Jack Kent in a statement. According to the report, consumers’ hunger for mobile apps won’t be slowing down any time soon. The firm suggests that app store sales will continue to grow linearly — as most analysts these days seem to believe all growth is linear — with revenues ballooning to $5.6 billion in 2012 and $8.3 billion in 2014. Hit the break for the full press release. More →










