Top 10 Highest Grossing and number 6 on the top 25 List!

:  “Nearly one-third of apps downloaded are purchased, up from 18% a year ago. Further, individual app prices have risen. The average paid app costs $2.85, compared with $1.99 last year.”

Yankee Group

According to the analysts at research firm Gartner, mobile application stores are expected to generate revenues of nearly $7 billion over the course of this year. (This is more than double their previous forecast)

Nearly a third of all apps downloaded today are purchased, compared with just 18 percent a year ago.

That figure is a combination of the $6.2 billion spent purchasing the mobile applications themselves combined with an additional $.6 billion generated through advertising revenues from in-app ads. Not surprisingly, Apple dominates this market, accounting for 99.4% of the market as of last year, states the report.

New revenue options are forecast: Up until now, App Store vendors have worked around the lack of a paid upgrade feature by offering different “versions” of their apps. Developers have been asking for an option like this since the beginning of the App Store — it looks like Apple might finally be listening.

The initial estimate of iPad sales is close to 6 million units by the end of 2010 and the GPS Tracking app can be found in the iTunes store available on the iPhone, iPad and iPod Touch.

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