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iOS to bring in $2 billion in revenue in 2011, says Citi

Written by Andre Yoskowitz (Google+) @ 31 Dec 2010 21:17

iOS to bring in $2 billion in revenue in 2011, says Citi According to Citigroups’s US Internet Stock 2011 Playbook, Apple will likely generate $2 billion in revenue from the iOS App Store in 2011.
The report shows off research from Gartner, as well, which claims the total app market will bring around $4 billion in revenue in 2010, but grow to $27 billion in just three years.

Citi expects the smartphone market to continue strong growth into 2013, with 29 percent growth next year, and mid-20 percent growth for the following two years.

Smartphone sales grew by 53 percent in 2010.

The iOS Store has 300,000 apps and the Android Market recently hit 200,000.

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