Scalper1 News
Google leads in smartphone market share with its Android operating system, but Apple is crushing Google in paid app downloads. At its I/O developer conference on Wednesday, Google (GOOGL) announced that it has paid more than $5 billion to app developers during the past 12 months for app sales through its Google Play store. Last year, Apple (AAPL) paid app developers about $8 billion, up more than 100% from the prior year, Cowen analyst Timothy Arcuri said in a research note Thursday. Arcuri estimates that Apple is generating at least twice the app sales as Google, with a current annual run rate of $10 billion to $11 billion. Scalper1 News
Scalper1 News