April 11, 2012

It's not just Instagram. The 'app economy' is taking off

iphone-apps-billion-tbi.jpeg Facebook's $1 billion purchase of smartphone app Instagram is just the tip of the iceberg. The Christian Science Monitor reports.

quotemarksright.jpgThe sector has spawned nearly $20 billion in sales and 466,000 jobs, according to one recent study, and it shows no signs of slowing down. In a national economy stuck in low gear, the app economy is providing some pop to America's jobs engine that could, in a few years, make a measurable difference.quotesmarksleft.jpg

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