Invasion of the Apps
January 21, 2010 Leave a comment
We have always heard people talking about how the iPhone drastically changed the technology sector as to how consumers view their mobile gadgets in recent years, and in retrospect mobile apps played a big part in it. Last weekend, I happened to watch Bloomberg TV’s coverage of the Consumer Electronic Show in Las Vegas with a special report called “Invasion of the Apps” where host Cris Valerio had conversations with personalities from venture capital and apps development sectors. The discussion zeroed in on the bright future of the apps industry and its potential for investors and developers to make a lot more money down the road.
Apple reported that over 3 billion applications have been downloaded online since they opened their app store just 18 months ago. This wave of demand from iPhone and iPod Touch users has propelled a number of app developers into overnight millionaires, reminiscent of what happened during the dotcom era of the late 1990s. Industry analysts are now convinced that the mobile platform wars between Apple, Google’s Android, and Nokia’s Symbian rest on the apps, and so far most developers choose to build for Apple giving the Cupertino, California-based company the competitive advantage.