Hi AppNewser readers - we're now a part of Mediabistro's SocialTimes.com. For more great App news, reviews, guides and tips, head over to InsideMobileApps.

App Revenues To Reach $25B This Year: ABI Research

Revenue from apps is expected to reach $25 billion in 2013, according to a new forecast from ABI Research. According to the forecast, revenue from apps sold on tablets is expected to reach $8.8 billion this year, while smartphone apps are expected to bring in $16.4 billion. The forecast is also calling for Apple to dominate the app marketplace and bring in 65 percent of the revenues. Google Play is forecast to account for 27 percent of revenues and 8 percent of app revenues are expected to come from “other mobile platforms.”

Here is more from the report: “As part of a main trend, tablet apps will steadily increase their share of the market over the coming years, to an extent that they will, in 2017, nearly match the smartphone application revenues and surpass them in 2018, when the combined revenue base will reach $92 billion.”

“The larger screen makes apps and content look and feel better, so there are more lucrative opportunities,” commented Aapo Markkanen, ABI Research’s senior analyst. “One might think that the bigger installed base of smartphones would compensate for the disparity, but that notion fails to take into account the arrival of low-cost tablets, which hasn’t even started yet at its earnest.”

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!