Posts Tagged ‘annual’
iPhone App Store annual gross? How about $2.4 billion a year?
If I were to tell you that Apple’s app economy was worth more than $2.4 billion a year, you would laugh hysterically, shake your head and walk out of the room, yes? Surf on over to some other web site? But here I am telling you exactly that!
According to mobile advertising startup AdMob, there are some $200 million worth of applications sold in Apple’s iPhone store every month, or about $2.4 billion a year.
Just to put that in context, Apple says about 1.5 billion apps have been downloaded from the App Store. In comparison, the Android marketplace brings in about $5 million a month or on a run rate to do $60 million in a year, AdMob says…
* Each month, Android and iPhone users download approximately 10 new apps, while iPod touch owners download an average of 18…
* Nearly 50 percent of iPhone users and 40 percent of iPod touch users buy at least one app every month vs. 19 percent of Android-based phone owners…
The biggest takeaway from this data: People are happy spending money on apps for their smartphones, especially after they’ve had a chance to try them for free.
I don’t post much Geek Industry Business reporting. Sites like Om’s already do a terrific job and have a ton of traffic.
This is here just to stick a finger in the eye of a few peer bloggers who end every discussion of the App Store with something like, “It’s an interesting concept; but, people are just downloading the free stuff to try. They really don’t spend much money there.”
Har!
