Apple's revenue tops mobile market, but share sinking

There are those who will consider it bad news for Apple that their share of the total smartphone App Store market shrank by over 10% last year -- but there probably won't be many sleepless nights in Cupertino at the news, since Apple's App Store still sells over 82% of all apps used on smartphones.

Although Apple's massive US$1.782 billion app revenue (that's right, $1,782,000,000) includes apps sold to both iPhone and iPad owners, it dwarfs by more than 10 times nearest rival Blackberry's $165 million take for 2010. In percentage terms, Apple's revenue increased a mere 131.9% over that of 2009 -- the Google Android market is the record holder, rising a whopping 861.5% from $11 million to $102 million -- but that represents an increase of more than a billion dollars in revenue for Apple ($769 million to $1,782 million) in one year.

The trend will likely continue in future years, with Apple's revenue increasing while its market share decreases, simply because there will be more and more competition in a marketplace they basically invented. The combining of the Nokia Ovi Store and the Windows 7 marketplace is scheduled for this year and next and will offer keen competition for RIM's Blackberry and Google's Android stores.

But Apple will be happy that they still earned around five times more than Blackberry, Nokia and Android put together -- and that's just from apps. Don't forget that Apple also manufactured and sold all the devices running those apps in the first place.

[Via Engadget]

Apple's revenue tops mobile market, but share sinking originally appeared on TUAW on Fri, 18 Feb 2011 09:30:00 EST. Please see our terms for use of feeds.

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