"It feels like the PC is gone" as a global phenomenon, having given way to mobile, says Flurry CEO Simon Khalaf, speaking at the company's Flurry Source13 conference. The 129% compound annual growth rate application revenue has enjoyed since 2008 is being driven more by virtual-goods purchasing than ad revenue, Flurry data show. "This industry did not exist in 2008, but in the last year, $18 billion in revenue was generated from mobile apps. It's taken the Web about 16 years to get huge, but mobile is matching that in about four," Khalaf says.
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