Android App Revenue Growing Faster Than iOS

Revenue from apps on Google Play -- Android's official app store -- grew a massive 311% between October 2011 and October 2012, according to a report released Thursday by App Annie, an app analytics company. In comparison, iOS revenue grew just 12.9% over the same 12 months.

Despite that growth, in October 2012 global revenue from the iOS App Store was four times larger than Google Play's. App Annie was unable to disclose any actual financial number in the report.

The gap between global revenues on iOS and Google Play is still there, says Bertrand Schmitt, CEO, App Annie. But the gap is shrinking every month, creating more opportunities for publishers to generate significan…
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