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Looks like the App Store is a bigger success than some could have imagined. AdMob, an advertising startup estimates that $200 million in apps are downloaded every month multiply that by a year and you get a value of over $2.4 billion.
The up and coming app store that can even come close to the Apple App store is the Android market and it’s not even a competition, at least not right now. The Android market is making about $60 million per year. Looks like Apple brings in three times more money in one month than the Android market brings in for Google. Here’s the twist to the App store success, it’s not the iPhone that’s leading the charge in downloaded apps and revenue, instead it’s the iPod Touch that’s doing most of the damage. More »


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