This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Apple's Control of the App Economy Stronger Than You Know

Stocks in this article: AAPLGOOG

NEW YORK (TheStreet) -- There's always been the battle of which operating system is better: Apple's (AAPL) iOS or Google's (AAPL) Android. If you're a developer, iOS wins hands down.

Apple has released its latest statistics showing iOS 7 adoption, and the results show that a staggering 74% of iDevices are now running Apple's latest mobile operating system compared to just 1.1% for Android's latest operating system, KitKat. Apple's previous OS, iOS 6, is running on 22% of devices while the remaining 4% of iDevices run iOS 5 or lower.

Apple's iOS 7 was released for public use on Sept. 18, 2013, after being announced at its Worldwide Developer Conference in June.

That lack of fragmenting by Apple shows that iOS is far and away better for developers who only have to build one application programming interface (API) to reach a significant portion of Apple's users whereas they need to build multiple API's to reach a far majority of Android users.

That's the reason so many dedicated apps for both the iPhone and the iPad contain over 450,000 apps built for the iPad alone. The far majority of apps for Android are one app for all devices and then stretched for the tablet experience.

With that kind of reach, Apple consistently touts how much it has paid to developers. Indeed, Apple has built its own economy, the app economy, simply because its users rush to download the latest operating system. "Cumulative app downloads have reached 60 billion and our app developers have now earned 13 billion from sales to the App Store, half of which they've earned in the last year," Apple CFO Peter Oppenheimer said on Apple's fiscal fourth-quarter earnings call.

Android may have market share dominance in mobile operating systems for both smartphones and tablets, with 80% of the smartphone market, and nearly 70% of the tablet market, respectively, according to IDC. That number does not matter to Apple, which has continued to focus on how often users use their devices. Judging by the iOS 7 adoption rate, it's clear that Apple users continue to enjoy using their products, and want the latest and greatest.

All while giving developers a pretty penny or two.

--Written by Chris Ciaccia in New York

>Contact by Email.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,388.56 +8.15 0.05%
S&P 500 1,896.10 +9.34 0.50%
NASDAQ 4,293.7970 +35.3590 0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs