The New Media Institute (NMI) is a research and fact finding organization whose mission is to improve public understanding of issues surrounding the Internet and other forms new media communications. NMI works directly with the news media, researchers, academics, government and industry professionals and serves as a primary resource of facts, statistics and analysis.

Iphone applications not as profitable as they seem:

Although Apple is leading the way with smartphone applications, the profit margins are not as great as they seem. Instead of making a high percentage of money from the purchasing of these applications, about 70%of the money is going to pay off the developers and designers. Apple states that the goal of these applications is not to make a high profit, but rather drive up hardware sales instead. See more: HYPERLINK ""


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