The noted analyst Gene Munster mentioned that he sees the App Store of Apple Inc. having a bright future sooner. The App Store is the much-awaited online store for the applications that can be used for iPhones as well as iPod Touch.

Even if many developers have already said that their applications can be used without paying anything extra, Gene Munster said that most of the average users would probably spend ten dollars every year. This simply means that the App Store will become one of the most important means of income for Apple Inc.

But Gene Munster believes more. The company named after the sinful fruit expects that they would be earning as much as one billion dollar every year by time the calendar hits 2009. This is something new from Gene Munster. For several months now, Gene Munster is very bully when it comes to making reviews for the Apple Inc. But this time, he gave a very aggressive figure to the clients when he gave the research note.

The projections of Gene Munster are based on the survey conducted on the estimated seventy-eight million users of iPhone, potential 3G iPhone, as well as the iPod Touch users.