iPhone Apps Store Growing Twice as Fast as iTunes Music
Everyone was impressed last month when Apple announced moving 30 million downloads through the new iPhone Apps Store, bringing in $30 million of revenue (or a million dollars per day). Well, growth more than doubled this month, bringing a total of 100 million downloads (and somewhere around another $70 million of software revenue). This has some interesting implications.
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Even if growth hits a plateau today and sales stay where they are right now, by next year Apple will have sold a billion iPhone apps (bringing in around a billion dollars of revenue), before the Windows Mobile 7 Skymarket launches. Of course, Apple’s mobile software sales are not likely to remain at 70 million per month, as its historical iTunes song sales indicate.