Apple’s still destroying the competition when it comes to revenue from its iOS App Store, according to the latest study of mobile app marketplaces by IHS.
Even though the App Store is almost a $2 billion a year enterprise, though, the juggernaut seems to be slowing down compared to the competition. While the iOS App Store experienced 131.9% year-over-year growth, Google’s Androd Market grew at an astonishing 861.5% rate. Nokia’s Ovi store grew 719.4% last year, and even the BlackBerry APp World grew 360.3%.
All signs point to the App Store starting to reach a saturation point where growth will occur at a more level pace. Even so, the report is good news for Apple, as even at current growth rates, IHS says that the iPhone maker will take home at least half of all app sales right on through 2014.
[via MacStories]
John Brownlee is a writer for Fast Company, and a contributing writer here at CoM. He has also written for Wired, Playboy, Boing Boing, Popular Mechanics, VentureBeat, and Gizmodo. He lives in Boston with his wife and two parakeets. You can follow him here on Twitter.
