Report: iPad App Store A $1B Market By 2012
The iPad App Store market may be worth at least $1 billion in two years, according to one developer who did some quick math. That figure could be much higher if the iPad does what the iPhone did to boost App Store sales into the stratosphere.
Vimov, which developed the Weather HD iPad app, estimates Apple is making $136 million per year – or $372,000 per day – just from the top 1,000 apps. That is based on the 500,000 iPads now in the US.
“If the iPad App Store were to be like the iPhone’s, then 40-60% of the sales would occur internationally, so on average that figure would rise to become $272 million per year,” the developer writes.
The iPad could also follow in the footsteps of the iPhone, which helped Apple announce 4 billion downloads in its first 19 months.
Ed Sutherland is a veteran technology journalist who first heard of Apple when they grew on trees, Yahoo was run out of a Stanford dorm and Google was an unknown upstart. Since then, Sutherland has covered the whole technology landscape, concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.
