The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Trefis) -- The recent acquisition of mobile app maker Instagram by Facebook $1 billion is the hottest news this week with investors eager to know what it means for Facebook and how the social networking giant will justify this price tag. However, not only is this big news for the two-year old startup and the now mega-rich employees, but it also endorses the platform on which it took its first baby steps into the app world -- Apple's ( AAPL) App Store. This mind boggling valuation will also lead scores of developers looking to leverage the power of apps to build businesses in the hopes of cashing in big, and all of these factors bode well for Apple selling more devices to support this growth.
And since the success of an OS platform is derived from the developer support that it draws, it has and will continue to have a significant bearing on the sales of iDevices. Click here to find out how a company's products impact its stock price at Trefis Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin.