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Apple Store Economy Larger Than Some African Countries’ GDP

Written by News One on August 28, 2009 3:08 pm

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From FastCompany.com:

Apps, apps everywhere, but just how big is Apple’s app economy anyhow? Chances are, it’s bigger than you think. According to mobile ad startup AdMob, $200 million in apps are downloaded each month, making the App Store worth about $2.4 billion per year. To place that in context, that’s slightly less than the nominal gross domestic product of Somolia, and quite a bit more than the GDP of Central African Republic.

By comparison, Android is raking in about $5 million per month for a grand total of $60 million annually. One reason for the disparity between Apple’s app proliferation and Android’s lagging numbers stems from the fact that the iPhone represents 60% of U.S. smartphone usage.

But all the “iPhone v. Android” brouhaha has overshadowed one of the main catalysts behind the App Store’s success: the iPod Touch. Android and iPhone users download an average of 10 new apps per month, whereas iPod touch owners average 18 downloads. IPod Touch owners also download twice as many free apps as Android and iPhone users, and research has shown that users of free “lite” versions of apps are more likely to pay up for the complete versions.

To read more, click here.

Tags: Recession 2009, Somalia, Technology
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  • http://www.blackplanet.com/stupidfatandugly/ stupidfatandugly

    here i am a sucker, still usin my zack morris brick phone

  • http://www.blackplanet.com/jazzpast/ jazzpast

    AM I supposed to be shock?! I don’t get the point. This is nothing new, the western world, Europe and US, extract most of its resources from the continent of Afrika. The last time I check the extracted natural resources are worth 150 billion dollars annually. Yet, Afrikan countries doesn’t get a cent out of the profit. This type of protocol has been on going for so long from the events in Haiti to the islands in the Pacific. Westerners have been using everybody for their own profit. GO research the truth on the Rwandan genocide, Congolese Civil War, Darfur genocide, the civil wars in our streets, drug epidemic, military industrial complex, the prison industrial complex, ETC.

  • http://www.blackplanet.com/nymphette/ nymphette

    @ stupidfatandugly:

    I feel SO old b/c I remember that ancient phone Zack used to have (lol).

    Anyway-after reading “Confessions of an Economic Hitman” & other sources, it’s no shock to me Apple’s applications are doing better than some countries. Many African and S. American nations are so indebted that they wouldn’t be able to pay all the debts off even if they had the GDP of an industrialized nation. How else is America(shadow govt of England) supposed to stay a ‘superpower’—by keeping other nations in debt so they have no military, political or financial power!

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