App Annie, a leader in app store analytics and market intelligence for the global app economy, has released a new study which shows monthly revenues for the Social Networking category on the App Store have jumped 87% year-over-year in January.
Shortly after Games and Productivity, Social Networking is now the third highest category in terms of monthly revenue, up from 12th position last January. China alone has had a significant impact on the number of downloads, as one of the fastest growing major countries (by downloads) for the social networking category, with monthly downloads doubling from January 2012 to January 2013.
Social Networking came sixth in ‘Top Categories by Monthly Downloads iOS January 2013’ with monthly downloads up by 30% year-over-year and now accounting for 5% of total downloads.
Read the report here.
Image by Frau Hölle.