As smartphones gain market share, mobile application stores such as Apple’s App Store, Google’s Android Market and Microsoft’s Windows Marketplace are set to gain momentum in downloads and revenues this year, a market researcher said.
Gartner Inc said consumers would spend US$6.8 billion globally this year in mobile application stores, up from US$4.2 billion last year. The amount is expected to reach US$29.5 billion by 2013, it said.
Users could download more than 4.5 billion applications onto their smartphones this year, eight out of 10 of which will be free. Worldwide downloads are expected to surpass 21.6 billion by 2013, of which 87 percent will be free applications, Gartner said in a report on Jan. 18.
“As smartphones grow in popularity and application stores become the focus for several players in the value chain, more consumers will experiment application downloads,” Gartner research director Stephanie Baghdassarian said in a statement.
“Games remain the No. 1 application and mobile shopping, social networking, utilities and productivity tools continue to grow and attract increasing amounts of money,” Baghdassarian said.
Many applications are free and derive their revenues from advertising. This can be done with banners as well as full-page advertising between game levels, for instance.
“Application stores will be a core focus throughout the year for the mobile industry and applications themselves will help determine the winner among mobile devices platforms,” Carolina Milanesi, another research director at Gartner, said in the statement.
As consumers have a number of stores to choose from, “developers will have to consider carefully not only which platform to support, but also which store to promote their applications at,” Milanesi said.
Currently, the mobile application world is dominated by Apple App Store.
The California-based company announced early this month that iPod and iPhone users had downloaded more than 3 billion applications from the App Store — now in its 18th months — worldwide.
The uptake in mobile application download is a boon to local mobile application developers such as Soyong Corp (曉騰國際).
“Third-generation usage saw an exponential uptake since the second half of last year and it fueled e-commerce activities including mobile application downloads,” Soyong sales director Derrick Tan (譚建祥) said.
Soyong develops applications such as English-Mandarin dictionaries and English learning material for platforms including Windows Mobile, iPhone, Symbian and Android.
The company’s bilingual dictionary MeDictionary is on the top-three list of paid downloads from Taiwan on the App Store.
Riding on the success, it is set to introduce an English mobile learning application with Studio Classroom (空中英語教室) next month, targeting English learners, he said.
“The success of the iPhone prompted users to embrace mobile phone applications,” Tan said, adding that the company is expected to register promising download revenues this year thanks to the aggressive push for smartphones from telecoms service providers.
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
A Bollywood actor’s face tattooed on his arm, Sandeep Bacche’s devotion shocks few in India where stars enjoy semi-divine status, but even there the hallowed silver screen might be losing its shine to streaming services and pandemic fears. “Whenever things get better and theaters begin operations, I will watch three movies a day for sure just as a way to celebrate,” said the Mumbai rickshaw driver, who is recovering from the virus himself. However, others might not join the party. With cinemas shut for months due to a COVID-19 lockdown, and little prospect they will reopen soon, frustrated Bollywood producers have turned to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, is to issue NT$13.9 billion (US$469.5 million) in unsecured bonds to help fund its plan to expand production capacity, it said on Friday. In a Taiwan Stock Exchange filing, TSMC said the bonds would comprise three tranches: NT$5.7 billion payable over five years, NT$6.3 billion over seven years and NT$1.9 billion over 10 years. The interest rates would be 0.58 percent on the five-year bonds, 0.65 percent on the seven-year ones and 0.67 percent on the 10-year tranche, TSMC said. Capital Securities Corp (群益金鼎證券) is to serve as the main underwriter in