Apps & Software
Apple (AAPL) App Store To Bring In $21.6 Billion In 2013
Published:
Last Updated:
Apple’s (NASDAQ:AAPL) App Store brought in $2.5 billion last year according to Gartner. The company accounted for 99% of all mobile application sales in 2009. Apple keeps 90% of that revenue.
Gartner predicts that the mobile application business is in its infancy and projects that the sales value of downloads will hit $29.5 billion with Apple taking $21.6 billion of that.
Most analysts have looked at the App Store as a what to tether iPhone and Ipod touch owners to the electronics company. That theory is based on the idea that the handset with the most flexible software packages will be the most successful handset company. The theory has borne out. Apple has downloaded three billion apps and have 150,000 applications in its store.
But, the rise in revenue has an altogether different implication. software downloads are profitable. Apple’s quarterly revenue is under $10 billion. A striking success with the App Store could make it a important to the company’s sales as the iPod or the Mac.
Douglas A. McIntyre
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
