People with old fashioned handsets may be seeking mobile phone recycling options in order to buy a model that is compatible with the latest apps.
New statistics released yesterday (March 10th 2011) by ABI Research discovered that the number of application downloads in 2010 increased significantly.
Almost 7.9 billion apps were downloaded by smartphone users last year, which demonstrates the increasing popularity of the application concept.
People looking to sell mobile phones may be looking to purchase Apple's latest iPhone device, after figures showed this platform accounted for 5.6 billion of the total downloads seen last year.
However, Apple's dominance in this market is predicted to wane in future years, as other brands, particularly those powered by the Android operating system, are becoming more popular.
Indeed, research associate Fei Feng Seet believes that rival manufacturers can take advantage of the fact that iTunes only offers apps to people with iOS operating systems.
"The iTunes App Store only targets iOS users. That leaves more room for other platform application stores to step up and focus on 'non-Apple' clientele," he remarked.
Research In Motion is also starting to become more prominent in this field, as ABI Research predicted that downloads of applications by BlackBerry users totalled one billion in 2010.
Marketing practice director at ABI Research Neil Strother believes that even more firms have now noticed how lucrative the application market is and are planning to set up new app stores.
"India's Idea Cellular, for example, just launched its Online Application Store shortly in advance of its 3G network launch," he commented.
As part of a separate study, ABI Research predicted that more companies could see GPS (Global Positioning System) apps becoming more popular.
It suggested that GPS technology is mostly associated with satellite navigation systems in cars, but insisted that more athletes are adopting the technology on their smartphones.
Applications produced by the likes of Nike have drawn interest from joggers and ABI Research chiefs believe that the sports and fitness technology market could be worth $2 billion (£1.25 billion) by 2016.