Citibank: Apple App Store will make $2b in 2011

By on January 1, 2011
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That may be the lower side of things.

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Apps are the soul and heart of any mobile operating system, and arguably thee most important factor in driving smartphone sales. So it comes as a no surprise that Apple’s App Store, which is the largest app store currently, is pegged to generate close to $2 billion in gross revenue, according to Citibank.

That number may actually be quite low. Garnter believes that global app market in 2010 totaled to $4 billion, and that revenues will climb to a whopping $27 billion over the next two years.

Citibank also states that smartphone sales grew 53% in 2010, though growth for 2011 is expected to slow down to 29%. Probably mostly everyone has a smartphone now anyway.

Source: TechCrunch.


Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

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