The App Store: Most Successful Mobile Application Store In History

Stories of overnight wealth have driven programmers to rush to sell their own applications through the Apple App Store. Gene Munster of Piper Jaffray had predicted that, should 91% of iPhone and iPod Touch users purchase only $10 worth of applications each year, the App Store would generate upwards to $1.2 billion in revenue in the year 2009. In the two months since the store’s launch, however, the App Store has sold $1 million in purchases daily. That would promise a potential in annual sale

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