What 25 Billion App Downloads Means for Apple
Apple Inc. proudly marked 25 billion apps downloaded from its app store with an announcement on Apple's home page.
(IBTimes) -- 03/05/2012 --

Apple Inc. proudly marked 25 billion apps downloaded from its app store with an announcement on Apple's home page.

"A billion thanks. 25 times over," reads an announcement on the site.  "The App Store has reached 25 billion downloads. Thanks for getting us there."

Apple is still set to announce the lucky app downloader who will win the $10,000 App Store gift card but interested parties should visit the official "25 billion app countdown" site to check for further announcements. Apple will also likely announce which app was the 25th billion app to be downloaded as the company did for the 10th billion app download, Paper Glider.

Apple is clearly a dominant force in the tech industry. The company is raking in huge profits with iPad and iPhone sales and it's the world's most valuable company. The mind-boggling number of apps downloaded only shows how big the market for smartphones is and the number of users who are willing to pay money for apps. According to Pew Internet nearly half of American adults own a smartphone. Data from Gartner indicates that Apple was third in overall worldwide phone sales in 2011, doubling its market share from 2.9 percent in 2010 to 5.0 percent in 2011. In the smartphone market Apple had a total smartphone market share of 19 percent to take the number one spot.

 Apple's loyal customer base is also the reason for the increase in iOS app downloads. A report by Telenav last year indicated that iPhone users were likely to spend more than $40 on apps for their smartphones than Android users. A separate report released by Asymco in 2011 reveals that iPhone users download at least 60 apps per person.  In comparison close rival Google Inc. passed the 10 billion app download mark in December.

Apple has been holding the 25 Billion Apps Countdown Promotion since February 13. Currently the best selling free apps in the App Store are Draw Something Free, The Simpsons: Tapped Out and Camera Awesome.

About International Business Times

The International Business Times is composed of twelve high-growth online editions (ibtimes.com) that give readers local reports balanced with multinational perspectives. Exclusive and transparent insights from global markets make The International Business Times an indispensable news source for business-minded individuals.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here