iPhoneAppQuotes.com Press | Developers Shift Business Model to Ride iPhone App Wave


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NATIONAL SURVEY RESULTS: Developers Shift Business Model to Ride iPhone App Wave

Developers and entrepreneurs change course and thrive as iPhone app development increases

Royal Palm Beach, FL. – September 28, 2009 – iPhoneAppQuotes.com, the leading network that connects iPhone App Developers & iPhone development companies has released a national survey of application developers and the results show a dramatic increase in mobile application development.

Survey Results

42% of developers have 2 – 5 employees
39% average growth was experienced by most developers from adding mobile application development to their business models
From respondents that recently added app development as a service, 34% of their entire business is now comprised of iPhone app development.
60% of respondents were doing custom application development before they started working on iPhone applications.
71% of respondents generate most of their sales leads through referrals.

“It should come as no surprise that Apple’s App Store is big business and generates an estimated $1 billion a year in total revenue,” Gregg Weiss, Founder of iPhoneAppQuotes.com said. “With the iPhone app market growing daily, developers have noticed the trend and are shifting focus to the mobile app market.”

In a recent research report published in the Wall Street Journal, Bernstein analyst Toni Sacconaghi estimates the App Store currently brings in $60 million to $110 million in quarterly revenue for Apple. Those figures represent the money Apple gets from its 30% cut of every app sold. Conversely, iPhone application developers generate between $140 million and $250 million a quarter through their 70% cut of App Store sales.

"The key thing to take away from these statistics is that developing an iPhone app can create a very lucrative business for not only businesses and software developers, but also for everyday entrepreneurs that have a fantastic concept," Weiss adds.

About iPhoneAppQuotes.com

iPhoneAppQuotes.com was created to provide businesses and entrepreneurs an easy way to connect with iPhone Developers and receive price quotes for building custom iPhone and iPod Touch Applications for free.

For iPhone Development companies, iPhoneAppQuotes.com offers an affordable and effective way to generate more business by joining the exclusive network. iPhoneAppQuotes.com is open to experienced developers who already have Apps in the App Store and pass a screening process to be a network member.