Study Projects Apps Economy Will Be Worth $17.5 Billion by 2012
A study by Chetan Sharma Consulting, commissioned by the GetJar app store, projects that the global mobile apps economy is set to be worth $17.5 billion by 2012. Mobile app downloads are expected to increase from over 7 billion downloads in 2009 to almost 50 billion in 2012. The study also found that in 2008 there were just four apps stores and today there are 38. The number of app stores is expected to further increase in 2010.
The study also found that the price of mobile applications can vary from $0.99 to $999. The average selling price in 2009 was approximately $1.90. The study predicts the average price of an app will decrease by 29% over the next three years.
