All the top tweets on Twitter were about the insane YoY (year-over-year) growth of the Google Android Market. Well, if it is 861.5% YoY, it’s of course BIG! I got to know more on this news from TechCrunch – that the actual $ value is puny though the growth is a whopping 861.5%.
Firstly, Google is the king of online advertising. Secondly, even if the $ values appear puny when compared to the App Store, 800+% growth is truly out of the world. Let’s just assume a conservative growth of 500% in 2011, this itself raises Android Market’s revenue to a little over half-a-billion. And, all this with just 2 years into the app market.
Now, back to the ‘firstly’ note on Google being the king of online advertising. According to Gene Munster of Piper Jaffray, Android-related advertising alone would generate over a billion dollars in the year 2012 for Google.
The revenue from the app market would just complement Google’s Android-related ad revenue! So, all the fuss about it being puny and not being the developers honey pot yet(?), is like saying that the glass is half empty. Let’s wait and see how the app markets fare this year and the next. Will we see a decline in Nokia’s Ovi store? This is getting interesting…
Meanwhile, have fun with your Android phone!