Ovum: Mobile app downloads to grow 144% this year, top 18B

Mobile application downloads worldwide are on pace to grow 144 percent this year, with total downloads set to eclipse 18 billion by the end of 2011--up from 7.4 billion a year earlier--according to a new forecast issued by telecoms analyst Ovum. At the current rate of growth, downloads will exceed 45 billion by 2016, the firm adds. Premium mobile app download revenues are set to reach $3.7...