News and entertainment smartphone apps are downloaded the most, but productivity smartphone applications generate the most revenues, according to a new report from In-Stat.
Productivity apps such as mapping, business and enterprise apps and phone tools and utilities generate 59 percent of all smartphone app revenue.
“The competitiveness of the smartphone app market will intensify over the next few years as developer ecosystems become more competitive with Apple’s app store,” says Frank Dickson, In-Stat analyst.
“There are no less than eight notable smartphone OSs, and the number is more likely to grow rather than shrink. Google will exploit its Internet dominance, and Apple will leverage its development community and stable platform. Microsoft is placing its bet on Windows Mobile 7.”