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CHART OF THE DAY: The App Economy Is ~$3.5 Billion - Business Insider

Mobile App Revenue by Platform

This chart comes from Business Insider Intelligence, a new research and and analysis service focused on the mobile and Internet industries. Sign up for a free trial here.

Despite how much attention it's given, the mobile app economy isn't as big as you might think. Based on an aggregation of data points from iSuppli, Forrester Research, company releases, and our own estimates, mobile app revenues were a little under $3.5 billion last year.

Apple announced at WWDC earlier this month that the App Store had paid out $5 billion to developers since its inception. Apple takes a 30 percent cut of App Store transactions, which means it has generated cumulative revenues of $7.15 billion since its introduction in 2008. Android is a blip in the app revenue landscape, which isn't surprising given developers complain about getting paid on the platform.

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