Google Play Store revenue surges, but still far short of Apple App Store

Google's app store revenues are growing much faster than those of Apple Inc, but Apple still dominates overall sales, market research data taken from the first three months of the year shows.The app stores collectively raked in $2.2 billion in the first three months of 2013, according to Canalys, a market researcher.The firm says Apple's App Store generated $1.48 billion of revenue, accounting for 74 percent of $2.2 billion earnings that the app stores collectively made in the January-March period. Revenue generated from Google Play amounted to 18 percent.Separate data from App Annie, an analytics firm, showed Google's app store revenues were 38.5 percent of Apple's, a big gain from a year ago when it was worth just a tenth of Apple's, as its free Android mobile operating system helped it win nearly 70 percent of the global mobile market.

Click here for full story