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The App Store: Most Successful Mobile Application Store In History

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Stories of overnight wealth have driven programmers to rush to sell their own applications through the Apple App Store. Gene Munster of Piper Jaffray had predicted that, should 91% of iPhone and iPod Touch users purchase only $10 worth of applications each year, the App Store would generate upwards to $1.2 billion in revenue in the year 2009. In the two months since the store’s launch, however, the App Store has sold $1 million in purchases daily. That would promise a potential in annual sale

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