The software industry is missing roughly $459 million in App Store revenue as a result of piracy, a new estimate claims. Using the median in a Bernstein analysis suggesting that between 13 and 21 percent of apps are paid, and a collection of other figures pointing to a piracy rate of 75 percent, 24/7 Wall St. suggests that pirated app downloads are in excess of 1.53 billion. While this would theoretically indicate $4.59 billion in losses with an average app price of $3, the figure only comes to $459 million if one assumes that 10 percent would actually have bought
