Apple’s App Store still the biggest cash cow out there
As is the case with every end of year celebrations we look to the market leaders like Apple, Android and others to see just how well they have done. In the case of competing App Stores there is no doubt who the winner is, and by a huge margin.
As we come to the close of 2012 analytic firms of all types are prepping their famous (and sometimes questionable) reports on just about every aspect of the tech industry and leading the pack this year is the mobile app analytics company Distimo where they compared Apple's App Store vs. Google Play on Android handsets.
Interestingly enough Google Play, according to Distimo, has been growing faster than the Apple App Store in recent months, but Play can't even come close to the daily revenues being generated by Apple's App Store.
To give you an idea of just how big of a difference there is between the two consider this – on an average day in November 2012 the App Store made $150 million in revenue, whereas Google Play only generated $3.5 million in revenue; and this is with a growth of 43% in revenues.
Of course one of the big things about the "app economy" is that these companies would have you believe that anyone can submit an app and find themselves making a good living. The problem with that is as we see from the Distimo is that this couldn't be farther from the truth as the report shows only seven iOS apps were responsible for 10% of the money being spent there. In the case of Google Play it was four apps that accounted for 10% of revenues.
via Cult of Mac