Apple Holds 90% Market Share in Paid App Revenue

As per Gene Munster of Piper Jaffray & Co., despite the fact that Apple's market share is declining over the period of time, their share in the revenue from app is grand and by the looks of it, the revenue share is not going to decline any time soon.

Using data released by Apple and that available from AndroLib, Munster has revealed that Apple gets 85 to 90 percent of the current spending on mobile apps, reported Fortune.

Owners of iOS device need not worry as the developers will stick to this operating system and not change their preference to Android platform which is fast emerging as world's most popular and dominating mobile OS.

Despite growing popularity of Android, future of Apple is bright and Munster thinks that Apple will be able to capture more than 70 percent share in mobile app revenue for coming three to four years

The reason behind this success is that from Apple's App store, around 18,566,331,811 apps have been downloaded generating a total of $4.9 billion in gross revenue compared to Google's Android Market which only managed to garner 6,750,000,000 app downloads with only $341 Million in gross revenue.