Posted on Thursday, September 18th, 2008 at 12:48 pm
Applications Spur Carriers to Relax Grip on Cellphones
New York Times
In the first 10 days after Apple opened its App Store for the iPhone, consumers downloaded more than 25 million applications, ranging from games like Super Monkey Ball to tools like New York City subway maps. Silicon Valley’s venture capitalists are already salivating over the enthusiasm for cellphone applications. Their investments in this category rose 90 percent in the first half of 2008, to $383 million, from the second half of 2007, according to Rutberg & Company, a technology research firm based in San Francisco.
