Despite tremendous growth for Google's Android market, the Apple App Store still dominates mobile app revenues, a market that is predicted to double by 2014, a report says.
Apple is projected to rake in $2.91 billion selling apps in 2011, a 63.4% increase from the $1.78 billion earned last year from the App Store, according to a report from research firm IHS Screen Digest. But it is Google's Android market that appears primed for explosive growth this year -- predicted to jump almost 300% compared with last year, to $425 million.
But where there's a winner, there's a loser, and BlackBerry-maker Research in Motion is expected to lose its second-place spot in app revenues to Android this year.
The overall app market -- which includes Apple, Google and RIM among others -- will see a 77.7% jump to $3.8 billion this year, IHS said, and in three years' time, that figure is expected to double to $8.3 billion.
Although Google's Android market is certainly making headway in nibbling at Apple's dominance, the report predicts that the iPhone and iPad maker will keep 60% of the paid app market in 2014, down from an estimated 76% this year.
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