The iPhone App Store Surpasses has reached an Impressive 100M Downloads
By Azam on September 15, 2008
Apple announced that iPhone and iPod touch users have downloaded more than 100 million applications from its groundbreaking new App Store since its launch on July 11, 2008. The App store is set to reach 1B download by next year according to an analysis by Daniel Eran Dilger and written in a post iPhone Apps Store Growing Twice as Fast as iTunes Music. The impact on the iPhone is huge in terms of the market for applications and revenues able to be generated based on iPhone. The preeminent Silicon Valley VC firm KPCB has anticipates correctly the potential and launched a $100M iFund dedicated fund based on Applications being developed for the iPhone.
According to Apple, more than 3,000 applications are currently available on the App Store, with over 90 percent priced at less than $10 and more than 600 offered for free. Applications can take advantage of iPhone’s large display, innovative Multi-Touch user interface, fast hardware-accelerated 3D graphics, built-in accelerometer and location-based technology to create mobile applications unlike any seen before.
The analysis compares the App store growth to iTunes stores downloads. Earlier, Apple gives figures of reaching 30 million downloads through the new iPhone Apps Store and bringing in $30 million of revenue translated to $1M per day. Using a total of 100 million downloads will translate to $70m in revenue. The analysis projects by next year Apple will have sold 1 Billion iPhone apps and over 1B in revenues.
Apple has created a device that changed the music industry with the iPod and ITunes market place. The iPhone is having a similar impact on the cell phone and software with the iPhone and App Store. The network effect of the App Store increases the value of the iPhone device and locks in users as the number of Apps increases. The software for the iPhone will have a similar impact as the software industry developed around the personal computer and increasing scale of productivity.
The Apple revolution continues from the Apple PC onto the iPhone. The iPhone will not likely replace the PC, but will likely evolve as an integral part of a mobile network ecosystem giving users access to digital information. Apple is likely to be more involved in various portions of the digital ecosystem by providing access and applications for the digital revolution.
Tags : App Store, apple, iFund, iPhone, iPod, Itouch, iTunes, KCPB