Apple’s (NASDAQ:AAPL) App Store continues to lead the market in portable gaming revenues, but the Android-based Google (NASDAQ:GOOG) Play store is gaining ground according to a new joint report by market research firm IDC and app analysis company App Annie.
According to the report, Google Play game spending exceeded traditional portable gaming console revenues for the first time in the second quarter of 2013. However, despite Google Play’s recent gains, Apple’s App Store still hauled in over twice the revenue of Google Play.
The App Annie & IDC Portable Gaming Report examined the shift in consumer game spending from portable gaming-optimized consoles made by companies such as Sony (NYSE:SNE) and Nintendo, to mobile devices made by Apple and Samsung (SSNLF.PK). The report noted that consumer game spending through the iOS App Store and Google Play combined was approximately four times the amount spent on games for traditional handheld gaming consoles last quarter.