S&P 500
7,243.20
+0.24%
Dow Jones
49,626.60
+0.27%
Nasdaq 100
27,740.00
+0.20%
Russell 2000
2,820.16
+0.55%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,648.00
+0.65%

Apps & Software

Apple (AAPL) App Store To Bring In $21.6 Billion In 2013

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Apple App Store Has Lost $450 Million To Piracy (Update), What About The iPad?

Website Vimov says that Apple, Inc (NASDAQ: AAPL) iPad apps may create a billion dollar industry by 2012. Vimov writes,…
Douglas A. McIntyre |

Apple App Store Has Lost $450 Million To Piracy

Apple (NASDAQ:AAPL) and the companies that sell software for the iPhone and iPod touch at the App Store have lost over…
Douglas A. McIntyre |

Apple (AAPL) Apps Downloads At 3 Billion

Downloads from the Apple (NASDAQ:AAPL) App Store now out-number the population of the People’s Republic of China by a margin…
Douglas A. McIntyre |

Walt Disney, Jobs On Its Board, Buys iPhone App Company

Steve Jobs, the CEO of Apple Inc. (NASDAQ: AAPL), sits on the board of The Walt Disney Company (NYSE: DIS)…
Douglas A. McIntyre |

Apple (AAPL) Becomes Too Excellent: 100,000 Apps

It will be a shame when the day comes that Apple can’t put out good news every day. The market…
Douglas A. McIntyre |

Telecom Firms To Compete With Apple App Store

The Apple (AAPL) Apps store has downloaded more than three billion software applications to iPhone and iPod touch devices. Programmers…
Douglas A. McIntyre |

Apple (AAPL) Hits All-Time High: Buy The Rumor….

Apple’s (NASDAQ:AAPL) shares hit an all-time high yesterday as they rose to  $209.35 up 3.5%. Most of the increase way…
Douglas A. McIntyre |

Apple (AAPL): The Myth Of Being A Software Company

Apple (AAPL) says customers have already downloaded 60 million software applications for its iPhone. That number seems phenomenal, but from…
Douglas A. McIntyre |

The Power Of Brands: Google + Verizon Take On Apple

Apple Inc’.s (NASDAQ: AAPL) products are so successful that when it comes to competing with them, every company that tries…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618