Our COO, Daniel Odio is quoted in this newest edition of the Christian Science Monitor:

Revenues from Apple’s and others’ primary app stores are slated to rise from $3 billion last year to $18 billion by 2014, according to Todd Day, an industry analyst at Frost & Sullivan.

“I was around in the ’90s when the first browser came out, and this feels like that,” says Daniel Odio, a cofounder of PointAbout, an app developer in Washington. “It feels like there’s a lot of innovation happening now. I think we’re only in the first half of the first inning.”

So far, the growth in apps compares favorably with the PC revolution of the 1980s. Although software programs were more expensive than today’s apps, they generated only about one-ninth the revenue ($340 million in today’s dollars versus $3 billion), according to the Consumer Electronics Association. Of course, the PC software industry kept growing. By 1995, sales were 20 times bigger ($3.6 billion in today’s dollars). If apps can match that pace, they will lift the economy.

You can check out the full article at the CSM website!