Factoids You Can Use

If you want your son or daughter to grow up to be a millionaire, the path to wealth is paved with a career as an application developer for smart phones. According to industry figures, there are now 225,000 apps available for the IPhone. More than 50 million IPhone handsets have been sold and the number is surging, thanks to the introduction of the latest model, dubbed The Four. With that many handsets, the app business has become a $4.1 billion gold rush. There were seven billion downloads of apps on the IPhone in 2009. That's just a drop in the bucket compared to some forecasts. By 2012, app downloads are expected to skyrocket to 50 billion. Revenues are anticipated to grow to $17.5 billion during that year, according to at least one industry follower. As a result of the rise in app revenue, some developers have become overnight millionaires. Forget that career advice about becoming a doctor, lawyer or Wall Street mogul. Teach your kids to grow up to be app developers.