Yankee Group Predicts $4.2 Billion Mobile App Gold Rush by 2013

The appstore market keeps booming. iTunes appstore is now showing the top apps by earnings in a separate category which gives you an indication of which apps generate top dollars and to no ones surprise 80% of the top apps are games and only a few major players (EA, Gameloft, etc) as well as a few independent development houses are making money. We believe that the forecast by Yankee Group is too optimistic in terms of direct premium revenue. One of the reasons is that customers overestimate their spend on apps but also the number of great apps available for free. According to our estimates only a few hundred or less than 1% of the apps on the iTunes appstore generates a positive return to the developer. So is mobile apps a big bubble?

The answer is definitely no. There is a much bigger story. In addition to entertainment (games), apps are used for marketing, information, productivity, communication, networking and much more so the overall value to mobile operators, advertisers, consumers and businesses is much bigger. According to Strategy Analytics approximately 20% of all apps downloaded to date in 2009 have been to an iPhone or iPod which makes the total number of downloads over 5Bn. This is almost 1 download per inhabitant globally. Amazing figures and yet they will continue to grow.

Read the full pressrelease by Yankee Group here

Golden Gekko selected Tech Media Invest Top 100 in Europe

Golden Gekko is proud to have been selected among the top 100 Tech Media Invest companies in Europe by Europe-Unlimited, Europe’s leading event organisers for investors and technology companies in association with The Guardian, PricewaterhouseCoopers and Kemp Little.

Tech Media Invest Top 100 is a list of the hottest emerging and most innovative companies in the ever converging tech and media industries right now. The 100 companies have been picked for their innovation and creativity over the past year in areas as diverse as mobile applications, racing games and music recognition. The list aims to showcase young entrepreneurial companies that are developing innovative new ways to serve business and consumers, and have the potential to radically change the shape of the technology and media industry,

The official press release is available here and for more information about the Tech Media Invest Top 100 visit: http://www.guardian.co.uk/tech-media-invest-100/top-100