360° Coverage : Mobile App Revenue Expected To Hit $30 Billion

1 Updates
Mobile App Revenue Expected To Hit $30 Billion
Photo Credit: Getty Images

Mobile App Revenue Expected To Hit $30 Billion

Nov 26 2012, 5:00am CST | by

By the end of the year

The amount of money that people spent on mobile apps will topple $30 billion in 2012, according to a new report from ABI Research. The market continues to expand rapidly and almost at exponential...

Filed under: news

YouTube Videos

 
 
 

1 year ago

Mobile App Revenue Expected To Hit $30 Billion

Nov 26 2012, 5:00am CST | by

By the end of the year

The amount of money that people spent on mobile apps will topple $30 billion in 2012, according to a new report from ABI Research. The market continues to expand rapidly and almost at exponential proportions.

"Consumers’ high interest in apps has for a long time been obvious from download volumes, but it’s 2012 that will go down in history as the year when the economic side of the business finally took off," said ABI Research senior analyst Aapo Markkanen in a statement.

The total dollar amount includes money paid for premium apps, as well as in-app purchases for downloadable content, and monthly revenue generated from subscription-based apps. In addition, it also counts the money pouring into developers' bank accounts from advertisers.

According to Markkanen, Apple will account for nearly two-thirds of all app revenue this year. It should be noted that this fraction has slowly diminished. Back in 2008, of course, "app revenue" was a term practically only used by the iPhone, so Apple was grabbing virtually a 100% market share.

Markkanen pointed out Google's growth specifically as a key reason why the entire market is so much bigger this year. Clearly, though, Apple still holds the biggest piece of the pie.

The $30 billion figure accounts for lifetime sales of mobile apps, dating back to the introduction of Apple's App Store in 2008. However, more than half of that revenue came from 2012 alone. So who knows what 2013 will bring?

Via LA Times

 

Don't miss ...

 

<a href="/latest_stories/all/all/6" rel="author">Mark Raby</a>
With more than 10 years as a professional writer, Mark Raby has an undeniable pulse on the latest trends. From the quiet rumors to the breaking news of the day, his eagle eye is always focused on the newest scoop and figuring out how and why the big newsmakers are noteworthy and relevant. He is based in New York City.

 

blog comments powered by Disqus

Latest stories

Apple Reportedly Delivering Only 3 Million iWatch Units in 2014
Apple Reportedly Delivering Only 3 Million Units of iWatch in 2014
The production issues are gradually pushing back the iWatch release, consequently makes specialists to predict a decreased shipment in 2014
 
 
Methane created mysterious Siberian crater: Study
London, Aug 1 (IANS) The mysterious crater spotted in the frozen Yamal peninsula in Siberia earlier this month was probably caused by methane released as permafrost thawed, Russian researchers say.
 
 
Why some people can cope with short sleep
New York, Aug 1 (IANS) Most people require seven to nine hours of sleep to have proper daytime functioning, but some people can function normally on less than six hours of sleep per night owing to a gene mutation, says a study.
 
 
Way to restore body's insulin producing ability
New York, Aug 1 (IANS) There is good news for patients suffering from type-one diabetes as they may soon be able to do away with their daily insulin dose to manage their blood-sugar levels.
 
 
 

Latest from the Network

Commonwealth Games medals tally
Glasgow, Aug 2 (IANS) England lead the medals tally Friday at the 20th Commonwealth Games with 47 golds, 46 silvers and 43 bronzes followed by Australia and Canada. India are still fifth with a tally of 49 medals,...
Read more on Sport Balla
 
How John Legend coped with parents' divorce?
Los Angeles, Aug 2 (IANS) Singer John Legend credits his teachers for helping him cope with his parents' divorce and for motivating him to complete his Ivy League education. "I was 10 years old when my parents got...
Read more on Celebrity Balla
 
Kerry condemns violation of Gaza ceasefire
Washington, Aug 2 (IANS) US Friday condemned Friday the killing of Israeli soldiers and apparent abduction of another by the Palestinian militants that violated the ceasefire. "It was an outrageous violation of the...
Read more on Politics Balla
 
Gurusaidutt leads Indian shuttlers into semis
Glasgow, Aug 2 (IANS) Indian shuttler R.M.V. Gurusaidutt came out with a brilliant performance to oust Malaysian top seed Chong Wei Feng and enter the men's singles semi-finals of the Commonwealth Games here Friday....
Read more on Sport Balla
 
Discus thrower Seema earns silver, pugilist Pinki bronze (Roundup)
Glasgow, Aug 2 (IANS) Woman discus thrower Seema Punia grabbed a silver, boxer Pinki Jangra brought home a bronze, while pugilists and paddlers assured the nation of at least three more silver medals on day eight of...
Read more on Sport Balla
 
Four Indian boxers in final, Pinki takes bronze (Roundup)
Glasgow, Aug 2 (IANS) Four Indian boxers -- L. Sarita Devi, L. Devendro Singh, Mandeep Jangra and Vijender Singh -- made it into their respective gold medal bouts after Pinki Jangra lost her semi-final to settle for...
Read more on Sport Balla
 
Sharath-Amalraj settle for silver (Table Tennis Roundup)
Glasgow, Aug 2 (IANS) Veteran Achanta Sharath Kamal and Anthony Amalraj picked up the silver medal in the men's doubles table tennis after they lost 1-3 to Singapore's Hu Li and Ning Gao in the title clash of the 2014...
Read more on Sport Balla
 
Pallikal-Chinappa enter women's doubles squash finals (Roundup)
Glasgow, Aug 2 (IANS) India's star squash players Dipika Pallikal and Joshana Chinappa lived up to their names and potential to enter the women's doubles final at the Commonwealth Games here Friday. The Indian duo...
Read more on Sport Balla
 
Indian medal winners at the Commonwealth Games
Glasgow, Aug 2 (IANS) The following is the list of Indian medal winners at the 2014 Commonwealth Games here: Gold: Sanjita Khumukchan: women's 48 kg weightlifting Sukhen Dey: men's 56 kg weightlifting Abhinav Bindra:...
Read more on Sport Balla
 
Keith Urban reacts to ill-fated Massachusetts concert
Los Angeles, Aug 2 (IANS) Singer Keith Urban has broken his silence about his recent ill-fated concert in Massachusetts, where dozens of hospitalized fans and an arrest made for an alleged rape. "My team and I were...
Read more on Celebrity Balla