The App Economy Is ~$3.5 Billion

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		Tech Science Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Tuesday, June 26, 2012 The App Economy Is ~$3.5 Billion This chart comes from Business Insider Intelligence, a new research and and analysis service focused on the mobile and Internet industries. Sign up for a free trial here. Despite how much attention it's given, the mobile app economy isn't as big as you might think. Based on an aggregation of data points from iSuppli, Forrester Research, company releases, and our own estimates, mobile app revenues were a little under $3.5 billion last year. Apple announced at WWDC earlier this month that the App Store had paid out $5 billion to developers since its inception. Apple takes a 30 percent cut of App Store transactions, which means it has generated cumulative revenues of $7.15 billion since its introduction in 2008. Android is a blip in the app revenue landscape, which isn't surprising given developers complain about getting paid on the platform. Read » Also On SAI Today: Zynga's Stock Tanks After Its Biggest Event Of The Year Mark Pincus, SV Angel Invest In A Mobile App For Hitchhikers To Do What Google Does In Maps, Apple Would Have To Hire 7,000 People Facebook's Bankers Will Be Issuing Their First Ratings On The Stock Tomorrow Advertisement Visual Learner? Get SAI's Chart Of The Day CHART OF THE DAY: Which Tech Company Spends The Most On Advertising? CHART OF THE DAY: Android Is The Platform Of Choice In The Developing World Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the SAI RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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