Businesses Increasingly Looking to iPhone Apps

"The key thing to take away from these statistics is that developing an iPhone app can create a very lucrative business for not only businesses and software developers, but also for regular Joe's that have a fantastic concept," he adds.

It is unclear whether the information reported by iPhoneAppsQuotes is representative of the iPhone App industry at large, or simply of the apps and developers involved with the company's own network. Either way, it is clear that more businesses are looking to find new ways to utilize the app market for the incredibly popular smartphone.

Update: A representative for iPhoneAppsQuotes says, "The statistics in the release are from the iPhoneAppQuotes.com business rather than the industry at large."