Google’s Smartphone App Revenue Slowly Eating The ‘Apple’

Google’s (NASDAQ: GOOG) android seems to be turning into a bigger revenue machine with each passing day. Google’s Android smartphone app revenue is projected to be $6.8 billion by the end of 2013, according to a report by ABI research. The report also states that while iOS is still significantly ahead in terms of app revenues generated, Android is fast catching up with more and more Android smartphones being shipped every quarter. The report claims that the number of shipped smartphones using Android will be three times the number of iPhones shipped in the current fiscal year. However according to a report from Kantar Worldpanel ComTech, Apple has seen its smartphone market share for the three months ended July, 2013 jump by 7.8% on a Y/Y basis. During the same period Google’s Android lost 7.1% of its market share on a Y/Y basis. The two platforms combined held a 94.5% market share of the US market. The iPhone also saw a positive growth in the UK market, which saw its share increase by 7.6% to 31% of the UK market. While the iPhone has gained in these two markets it seems to be losing market share to Android globally.

To see Google’s latest stock price movement, click here (NASDAQ: GOOG)
Other Interesting Articles:

 Yahoo China shuts down its web portal

 

Read our Newsletter here: Microsoft acquires Nokia's Devices Business

Show Full Article
5 2
Is this article helpful ?    


Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

show more

Comments on this article and GOOGL stock

Do share this awesome post