iAd to earn Apple almost $5 billion per year?
Apple introduced its iAd advertising platform last week and SeekingAlpha.com is forecasting that iAd will earn almost US$5 billion per year in gross ad revenue, of which Apple will take a 40% cut at about $2 billion per year.
The financial webs site is also predicting that Apple will take a 30% cut of the forecasted $600 million revenues from paid apps in 2010. Last week, in introducing iAd, Apple CEO Steve Jobs said that, today, when users click on mobile ads they are almost always taken out of their app to a web browser, which loads the advertiser’s web page.