Android Market enjoys 861.5 % increase in revenue growth: IHS

 IHSThe Android Market enjoyed a whopping increase of 861.5 per cent year on year in revenue in 2010; figures released by research firm IHS claim.

According to IHS, Android Market revenue jumped from $11 million in 2009 to settle at $102 million in 2010.

The figure represents an increase of more than eight hundred percent, but the figure is minute when compared with other major app stores. The BlackBerry App World and the Nokia Ovi store are smaller than the Android Market, but both of them reported larger revenue figures.

The BlackBerry App World reported revenue of $165 million, while the Nokia Ovi store’s revenue stood at $105 million.

The Apple App Store reported an increase of 131.9 per cent in revenue growth to $1.7 billion for the same period. But, Apple’s recent announcement about the 30 per cent cut of revenue for subscriptions sold via its App Store saddened many app makers, who are now considering rolling back of their apps from the App Store.

Nevertheless, Android platform’s popularity is escalating sharply, with around 300,000 Android handsets being activated daily.