Just over five years ago, Apple (NASDAQ:AAPL) released the App Store and changed the direction of the mobile world. Today, there have been more than 50 billion downloads on the App Store, and global app sales are expected to pass $25 billion this year. Apple itself collects about two-thirds of global app sales, while Google (NASDAQ:GOOGL) Play and app stores from Microsoft and BlackBerry collect most of the remaining app dollars.
The following slideshow details some of the highlights of the App Store across the past five years: how it's grown and continues to change. Also, if you're looking for more information on investing in Apple or other mobile players, make sure to check out our new report "Apple Will Destroy its Greatest Product." Can Apple really disrupt its own iPhones and iPads? Find out by clicking here.
Eric Bleeker, CFA, has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.