“Nearly five years after Apple Inc. kicked off the mobile-apps craze, the industry is booming,” Jessica E. Lessin and Spencer E. Ante report for The Wall Street Journal.

“App stores run by Apple and Google Inc. GOOG +1.46% now offer more than 700,000 apps each,” Lessin and Ante report. “With so many apps to choose from, consumers are estimated to spend on average about two hours a day with apps. Global revenue from app stores is expected to rise 62% this year to $25 billion, according to Gartner Inc.”

Lessin and Ante report, “Apple still dominates in terms of money made by more than three to one, according to App Annie.”

Read more in the full article here.