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Telecom & Wireless

Apple App Store Downloads Hit 10 Billion

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By Douglas A. McIntyre Updated Published
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Apple (NASDAQ: AAPL) App Store downloads reached 10 billion, more than one download for each man, woman, and child on earth. Many experts believe that these applications are what tethers many iPhone and iPad users to their devices. The apps allow users of Apple portable devices to customize their iPads and iPhone is a way which has no precedent anywhere else in the personal electronics world.

Because many of the Apps are free and Apple takes only a modest cut of the money for paid applications, the download store may never bring Apple a great deal of revenue, but its role within the Apple ecosystem is more important than any profits it may bring.

The only challenge to the App Store is a similar offering from Google (NASDAQ: GOOG) for its Android mobile OS. Google’s download total, however, is only a small fractions of Apple’s even though Android’s share of the mobile operating system market  has passed Apple in the US.

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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.

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