Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) & Google Inc (GOOG) Must Be Ecstatic With This Data

When it comes to technology research data, ABI research is always providing top of the line information. We shared one of the company’s most recent reports here, and this time around we are going to take a closer look at another. Both Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) are going to feel the positive impact of this data.

According to the most recent report by ABI, the mobile apple market is set to be worth roughly $27 billion in 2013 thanks to the growth of tablet revenue. As you can imagine, this is something Apple and Google are going to be able to take advantage of.

Here is more from the piece:

“ABI Research projects the mobile app market will value at $27 billion in 2013, as mobile apps continue to be a critical factor in the battle between the mobile OS. BlackBerry and Windows are slowly augmenting their apps catalogue as they compete for the 3rd ecosystem, but are still far behind Apple and Android.’

Google Inc (GOOG)As you can see, Apple Inc. (NASDAQ:AAPL) iOS and Google Inc (NASDAQ:GOOG) Android are the two top companies as far as the mobile app market is concerned. While there are other players, all of which are trying to grab a bigger piece of the market, it is these two tech giants that continue to slug it out for the top spot.

Senior analyst Josh Flood goes into greater detail discussing where Apple and Google fit into the picture:

“iOS continues to lead the way, and the OS is projected to generate over two-thirds of the revenues for smartphone and tablet apps in 2013. two-thirds of the revenues for smartphone and tablet apps in 2013,” says senior analyst Josh Flood. “Although Google’s Android OS recently surpassed Apple in terms of total app numbers, iOS users continue to prove they’re more willing to depart with their cash. The revenue gap between the two leading OSes looks unlikely to close over the next 18 months.”

While true that Google Inc (NASDAQ:GOOG) has made up some ground, it still appears that Apple Inc. (NASDAQ:AAPL) iOS users are most willing to part with their cash.

Tablet app revenues continue to trail smartphone revenue, however, it is beginning to catch up. In fact, the report goes on to state that “projected tablet app revenues will overtake smartphones by 2017.”

Apple Inc. (NASDAQ:AAPL) iOS and Google Inc (NASDAQ:GOOG) Android are top dogs and this is not going to change soon. Both have the opportunity to do big things with tablet app revenue moving forward. The question remains: which company will take the bull by the horns?

Share your thoughts in the comment section below regarding this data. Also, don’t forget to check out this article. You may be surprised at what you learn.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.