17.7 billion mobile apps will be downloaded this year, more than double the 8.2 billion in 2010. Meanwhile, revenues from the app store downloads will top $15.1 billion this year, through a mixture of paid download fees and in-app advertising. That’s nearly triple the $5.2 billion of app revenues that Gartner estimates were made in 2010. “Many are wondering if the app frenzy we have been witnessing is just a fashion, and, like many others, it shall pass. We do not think so,” says research director Stephanie Baghdassarian. Gartner thinks that a whopping 81% of the 17.7 billion app downloads this year will be free. Anyway, here’s a comparison: Gartner thinks mobile apps made $5.2 billion last year, and the IFPI says global digital music revenues were $4.6 billion. Read more: http://tinyurl.com/5tsd5ez
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