Apps Are Booming as Companies Seek a Place on Your Phone
Posted by June Xu on June 10, 2009
Article Link: New York Times
Article Author: Jenna Wortham
Article Date: 07-June-09
From the Article:
Developers of programs for the iPhone have already managed to make a decent living selling hundreds of thousands of copies of games from their living rooms or garages.
But now, a new way to profit from writing software for the iPhone is emerging: Sell the apps, then sell your company.
With the number of downloads through Apple’s App Store topping one billion and more than 40 million iPhones and iPod Touches sold since 2007, an increasing number of companies are seeing the mobile industry as a source of sustained revenue. Recently, IAC/InterActiveCorp, the Internet media conglomerate founded by Barry Diller, and Amazon.com, have bought app developers. Smaller companies have begun to assemble properties.
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