Blog Post

App Store Launches Today With More Than 500 Applications

imageApple (NSDQ: AAPL) launched its App Store today at 9 a.m., which was a day earlier than expected but on par with rumors that surfaced yesterday. With the App store, Apple will hold a near monopolistic distribution point for content, which is a rarity, if not entirely unheard of in the wireless space. Anticipation is high for the new storefront, which can be accessed on the phone, over Wi-Fi or online through iTunes. Analysts have predicted the App Store could make as much as $1 billion in 2009 and Kleiner, Perkins, Caufield & Byers have their iFund, which will invest $100 million in companies developing for the iPhone