Apps are booming as companies seek a place on your phone

Apps are booming as companies seek a place on your phone

Developers of programs for the iPhone have already managed to make a decent living selling hundreds of thousands of copies of games from their living rooms or garages.
But now, a new way to profit from writing software for the iPhone is emerging: Sell the apps, then sell your company.
With the number of downloads through Appleā€™s App Store topping one billion and more than 40 million iPhones and iPod Touches sold since 2007, an increasing number of companies are seeing the mobile industry as a source of sustained revenue. Recently, IAC/InterActiveCorp, the Internet media conglomerate founded by Barry Diller, and Amazon.com, have bought app developers. Smaller companies have begun to assemble properties.
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