New numbers from research firm IHS iSuppli on Wednesday revealed that Apple’s App Store revenue in 2012 is estimated to increase nearly 70%. The Cupertino-based company is on pace to make $4.9 billion from its App Store this year, an increase from $2.9 billion in 2011. With this strong growth, Apple will control almost 65% of the global app store market by the end of the year. Following the release of iOS 6, the iPhone maker now offers a variety of “real world” apps such as Passbook and the new Maps service, which are estimated to help accelerate growth of the App Store. Read the full story at Boy Genius Report.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



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