Report: Mobile App Business Booming

By: News 10
By: News 10

Mobile apps for cell phones got really popular in 2010, but as the saying goes, "You ain't seen nothing yet".

According to new research, there were 10.9 billion apps downloaded this year. That number is expected to hit almost 77 billion by 2014.

International Data Corporation also predicts mobile app revenues will surpass $35 billion dollars by 2014. IDC's findings were based on company financials, product announcements and a quarterly survey.

Recent research from the Pew Internet Project found 24% of adults are using apps, with app users having an average of 18 apps on their mobile device.


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