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.
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.
