People are buying up mobile apps

Mobile applications are now proving to be a big moneymaker with reports showing that the 17 percent of mobile users spend approximately $100 a year each on downloads. ABI Research surveyed 235 Smartphone users and 16.5 percent responded that they spend between $100 and $499 last year on mobile apps.

This number is particularly significant since many mobile applications cost as little as $1 and usually no more than $25. This means that a substantial amount of applications needed to be downloaded in order to reach this figure. Apple still brings in the most downloaded mobile applications due to its low pricing model. Apple’s App Store offers a huge range of mobile applications, including games, navigational tools, dictionaries and much more. The store even offers a selection of free applications for their iPhone and iPod Touch users.

This year, several other mobile phone manufacturers will release new storefronts in order to retail more mobile applications. Look for offerings from Samsung, Palm and Nokia in the coming months.

Site: [SmartBrief]