Could mobile phone apps be set to outsell CDs? That’s the prediction GetJar are making, believing that applications will generate $17.5 billion worth of revenues in 2012, compared to CD’s $13.83 billion as predicted by the IFPI.
The prediction comes on the back of a report showing that nearly 50 billion app downloads have been made, up from seven billion in 2009.
The number of app stores have also increased from eight to thirty-eight in 2009. GetJar CEO Ilja Laurs believes many will have only short life-spans however.
“This report signifies a battle for survival of the fittest among app stores worldwide – with app revenue and growth opportunities growing significantly,” he says.
“There is no way that this many app stores will survive in the long term and while the value of the global app economy is set to be astoundingly high by 2012, we think only a few app stores will share this revenue.”
Still, perhaps it’s not as significant an achievement as it would have once seemed. CD sales continue to fall dramatically. Perhaps a more pertinent question is whether or not mobile apps will be worth more than digital music downloads by 2012 too.
Via: Mobile Ent