Publications / Policy Memo

The Argentina App Economy: 2018

By and / 4.26.2018

Apple’s introduction of the iPhone in 2007 initiated a profound and transformative new economic innovation. While central bankers and national leaders struggled with a deep financial crisis and stagnation, the fervent demand for iPhones – and the wave of smartphones that followed – was a rare force for growth.

Today, there are five billion mobile broadband subscriptions, an unprecedented rate of adoption for a new technology.1 Use of mobile data is rising at 65 percent per year, a stunning number that shows its revolutionary impact.2

More than just hardware, the smartphone also inaugurated a new era for software developers around the world. Apple’s opening of the App Store in 2008, followed by Android Market (now Google Play) and other app stores, created a way for iOS and Android developers to write mobile applications that could run on smartphones anywhere.

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