November 21, 2011
Google Earns Just 7% Of What Apple Makes In Mobile Applications
According to Piper Jaffray analyst Gene Munster, Google's Android Market has generated just 7 percent of the gross revenue that Apple's App Store has made since its inception, according to reports from CNET and Apple Insider.
He wrote in a note to investors that Apple has about 85 to 90 percent of market share in dollars spent on mobile applications.
"While Google has closed the gap in terms of app dollars spent over the last year and we continue to believe Android will grow smartphone share faster than Apple, we believe Apple is likely to maintain 70%+ share of mobile app dollars spent over the next 3-4 years," Munster said in his note.
Munster, who works for Piper Jaffray, said he believes about $330 million has been generated on the Android Market to date.
According to numbers by Piper Jaffray, Apple has paid a little under $3.5 billion to developers, while Google has paid just over $239 million.
Apple has seen over 18.5 billion applications downloaded through its App Store, compared to Google's 6.7 billion its seen go through its store.
The firm said that 1.3 percent of the applications available in Google's Android Market are paid apps, while 13.5 percent of Apple's apps cost money.
Munster said that he polled developers at Apple's annual Worldwide Developers Conference and found that 47 percent of respondents develop applications for both Google Android and Apple, but all the developers said that Apple's iOS is the easiest platform to develop on.
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