Apple Rounds the Corner on Android
According to Flurry, a company that analyzes mobile-software data, the Google (NASDAQ:GOOG) Android platform is losing steam opposite Apple’s (NASDAQ:AAPL) iOS. In January developers created only one new Android app for every three Apple apps against the previous ratio of two for three last year.
According to Peter Farago, Vice President of Marketing at Flurry, there has been “a greater migration to iOS” due to a variety of reasons, chief among them being money – apparently developers make more money on iOS and Apple’s systems make it very easy to realize these revenues because it stores credit card information on its iTunes store.
Another problem is the large number of Android app stores (over 90) that a developer has to submit his app to, opposite just one for Apple. Plus, it takes much longer to develop for Android than it does for Apple, and in the case of a game it could extend the time to get to market by almost 30 percent.
Nevertheless, Android is too big a market to ignore, and developers are expecting Google to iron out these wrinkles soon. According to Ken Murphy, a vice president at Take GameHouse, a maker of games such as ‘Doodle Jump’ and ‘NCIS the Game’: “In the short term, there’s a lot of money in iOS. In the long term, we are very bullish on Android.”
Here’s how Google and Apple shares recently traded:
Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $609.76,. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 10,147 shares versus a 3-month average volume of 2,932,740 shares. The company’s trailing P/E is 20.49, while trailing earnings are $29.76 per share.
Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $509.46,. They have traded in a 52-week range of $310.50 to $509.56. Volume today was 328,055 shares versus a 3-month average volume of 12,486,500 shares. The company’s trailing P/E is 14.50, while trailing earnings are $35.14 per share.
To contact the reporter on this story: at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com