San Mateo, Calif.
– Mobile apps will outsell CDs by 2012, according to a new study conducted by
Chetan Sharma Consulting on behalf of mobile applications download service GetJar.
The study predicts that app downloads will increase from current annual levels
of more than 7 billion to nearly 50 billion by 2012, when their revenue of
$17.5 billion would eclipse that of CDs ($13.8 billion).
consumer appetite for mobile apps rocketing, the opportunities for developers
are huge," sad Ilja Laurs, the CEO of GetJar.
The number of app stores
also increased from eight to 38 last year — a trend Laurs believes soon will
"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," he said.