One Kings Lane: Q3 Sales Up 500 Percent; ‘We’re Not Afraid Of Gilt’

Flash sales sites like Gilt Groupe have proven to not only be a popular e-commerce experience, but also a profitable business model. In fact, Gilt is on track to hit $450 million in revenue this year, with rumors of an IPO swirling. But while Gilt pioneered clothing and accessory-focused flash sales, One Kings Lane entered the space last year as one of the first sites to go after the home goods market.

Launched in April of 2009, One Kings Lane runs brand- and theme-specific sales, at least two to three per day, five days a week. During the 72-hour window that items are on sale, members have can move to purchase limited quantity of hand-selected home goods products at significantly reduced prices. Luxury items range from Ralph Lauren home accessories, to Missoni towels to Frette sheets.

Founded by Alison Gelb Pincus (the wife of Zynga’s founder Mark Pincus) and Susan Feldman, One Kings Lane raised an undisclosed amount of funding from led by Kleiner Perkins Caufield & Byers, First Round Capital and angel investor Reid Hoffman last December.

However, as other flash sales site, such as Gilt and Ideeli; have entered the luxury home goods vertical, One Kings Lane is now facing a considerable amount of competition to the space. But Pincus doesn’t seem to be to worried about the added players in the arena and tells me that she welcomes the challenge of competing with Gilt in the home goods space.

Pincus and Feldman just brought on a new CEO Doug Mack, a seasoned e-commerce exec. Mack co-founded Scene7, a rich media platform provider for the e-commerce industry, which was eventually sold to Adobe. The site has also added Tastemaker Tag Sales, which allows renown interior designers to create curated sales of items that reflect their style. Mack tells me that these sales are meant to give users fresh content and design inspiration from professionals. And for designers, Tastemaker Tag sales are an opportunity to draw attention to their brand and style.

And One Kings Lane is seeing significant growth. Q3 sales are up 561 percent year over year and the site is seeing high loyalty from consumers, with more than 50% of customers as repeat purchasers. One Kings Lane is now getting into other verticals and will be launching food category in the near future.

It should be interesting to see how One Kings Lane continues to compete with challengers like Gilt. One way the startup could drive traffic is via partnerships with retail stores. Gilt just launched a sale with Target to feature the store’s designer-created home goods and fashions. While One Kings Lane would want to retain its focus on the luxury home goods market, a deal with stores like Restoration Hardware or Design Within Reach could be a good fit.

Regardless, the flash sales model for e-commerce is here to stay and One Kings Lane is proving that vertical-focused sites can grow in the crowded space.


“Stop being weak.” An Interview with Angelo Sotira, CEO of deviantART.com (TCTV)

This week’s episode of Speaking Of… is the CEO of deviantART.

One of the greatest things about TechCrunch is that they celebrate and reward each writer’s own voice rather than forcing every writer to sing from the same hymn-sheet. They encourage differences of opinion. While deviantART isn’t Erick Schonfeld’s cup of tea, I’m definitely a huge fan. I have five pictures up on my wall that I’ve purchased from the site, and they’re absolutely beautiful.

Deviant recently passed the milestone of their 100 millionth submission or “Deviation” as they’re called. I think that’s pretty cool, but what I think is even cooler, is that they just celebrated their 10th year of being in business. I don’t know how old Angelo is, but I imagine that’s about 1/3rd of his life. For a startup entrepreneur, that’s a very long time.

DeviantArt was bootstrapped with 15k in cash, was profitable immediately and the company ran without any additional investment for 7 years. That too is pretty damn cool.  Today on Alexa it has a US traffic rank of 104, making it one of the country’s highest trafficked sites. And yet what’s interesting is that people think of them as being small. Maybe that’s the charm and what’s so special about their site for artists – it doesn’t feel large.

During my interview with Sotira, we traveled back to the site’s roots. DevaintART was originally formed during an era where there was no such thing as a social network. Their artist profile pages, ability to add friendships and commenting system was new and filled an amazing market need for people to connect, share and sell their works. Sotira’s inspiration came from the early days of creating a site for Winamp skins. Their artists made other forms of art such as paintings and were looking for a digital home. Ten years later, you have one of the largest and most vibrant community-driven art sites online.

What advice does Sotira have for new entrepreneurs? For one thing, don’t be weak. He feels that the new crop of entrepreneurs has it a lot easier than he did and needs to do more with very little. He also feels that his generation built platforms while the new generation will be all about marketing, creating the most powerful generation of marketers the world has ever seen.

The title of the episode is Speaking Of… Flying, because of Angelo’s love for flying RC helicopters and the fact that our interview takes place in a cockpit of a plane. How cool is that?



Solar Charger For iPhone Swiftly Sucks Up The Sun

Product: P-Flip Foldable Solar-Powered Dock DCA 199

Manufacturer: Dexim

Wired Rating: 8

The very concept of keeping an iPhone fully charged? Laughable. But using the sun as a power source? That’s positively preposterous.

Apparently crazy is on the menu over at Dexim HQ. Their new solar-powered P-Flip promises to juice an iPhone’s talk time up to eight hours.

The rigging basically looks like a bulky black and camouflage case. You slide the iPhone in (there’s a version for BlackBerry schlepers too) and the panels soak up sunlight and transfer it over to the phone’s power-hungry battery.

While the P-Flip manual claims a full solar charge takes 10-12 hours, Dexim’s website says 15 hours. Whatevah! In our testing we found it takes at least half a day of sun exposure to get the power meter full. But check it out: It doesn’t matter if it’s cloudy, foggy or smoggy — the battery charges up at the same rate no matter the conditions.

Want to know just how much charge the P-Flip battery has? Push the side button and an array of three LED mini-lights tell you how much energy you’ve got left. The middle light also keeps you informed if a solar or USB charge is taking place.

The P-Flip is also digitally ambidextrous, flipping both horizontally or vertically — cool for hands-free viewing of videos in either direction. There’s an included USB cord too that you can use to sync the phone with iTunes on a PC or Mac.

The dock folds up for compact storage, although we suspect sensitivity to dings and scratches of the exposed solar panels. A form-fitting storage case might be a good idea if you don’t mind added bulk.

In any event this solar charging case isn’t a bad idea. Anyone who needs their phone charged and won’t be near an electrical outlet for a while would be smart to get one. After all, it looks like those crazy kids from Hair were right to demand that we let the sunshine in.

WIRED Unique solar-paneled charger and sync dock for iPhones (and BlackBerry) keeps you talking for extra hours. Collapsible clamshell dock can be used as a kickstand for viewing video and for syncing as well. With a male-female iPod extension cord, you can recharge an iPad as well.

TIRED Charging the dock via the solar panels takes half a day. Plastic covered solar panels get ouch-worthy hot when left in direct sunlight.

product image

Amazon’s Third-Generation Kindle Keeps e-Reader Fire Burning

Product: Kindle Third Generation With 3G + Wi-Fi

Manufacturer: Amazon

Wired Rating: 9

Though Amazon.com won’t say how many units it has sold, its Kindle e-reader has been a tremendous success for the e-commerce giant. Some analysts estimate Amazon sold 3 million before this year, and will double that total in 2010. Despite some predictions that the iPad and other Web-oriented tablets would start the Kindle doom clock ticking, its continued popularity bodes well for the future of single-purpose long-form reading devices.

The new third-generation Kindle only makes that future brighter. All its basic virtues—instant downloading from an abundantly stocked store, light weight, ability to read in sunlight—are still there, with significant improvements in text readability, physical design, and battery life. And the Kindle’s march towards an inevitable double-digit price point continues, with a new, Wi-Fi only version priced at $139, fifty dollars cheaper than the standard 3G wireless version (which also adds Wi-Fi.) Both versions begin shipping on August 27, but are back-ordered well into September.

Compared to the 2007 original (whose weird shape was the butt of cruel jokes from design snobs) the new Kindle is so svelte and understated that you wonder whether Amazon hired Apple’s Jony Ive for a brief consultancy. Weighing in at 8.7 ounces—barely half the weight of the one-pound paperback version of The Girl with the Dragon Tattoo—it’s less than a third of an inch thick, cutting an even tinier profile than an iPhone 4. The color is now graphite, which supposedly heightens the text contrast. (The 3G connected higher-end version can still be ordered in white.)

No matter what the color of the plastic, the denser e-ink on the new Kindle is going to make a lot of previous Kindle owners jealous. Amazon says it’s a 50 percent boost in contrast; stats aside, the clarity of text makes what was a good reading device even better, largely mitigating the grayish background of the screen display. The new Kindle also offers more flexibility in font size, spacing and words per line. The other reading improvement that Amazon boasts about—a 20 percent reduction in the brief blackout that occurs when you turn the virtual page of an e-book—is less significant. After hours of Kindle use, I have come to hardly notice that blackout anyway (though many novices are bugged by it). The one feature I do miss—and actually exists on the iPad Kindle app—is a slider that allows you quickly “thumb” through the pages of text to an approximate area you want to find. (When it comes to reading publications with more complicated layouts, like newspapers or magazines, though, touch-screen, backlit tablet computers still have the edge.)

Speaking of navigation, each generation of Kindle has discarded the previous interface hardware for selecting and getting around your reading material. This Kindle discards the stubby joystick for a “five way” display that’s a select button surrounded by directional keys to help with cursor movements. Also, the “menu” and “home” buttons have been moved from the side panels to the keyboard, leaving just slim page-forward and page-back buttons on both sides of the unit. Big win. For the first time, you can grab a Kindle without worrying about accidentally pressing a button that loses your place. Unfortunately, Amazon still hasn’t gotten it exactly right—the “up” and “down” movements on the 5-way button are too close to the “menu” and “back” buttons and if you’re not careful, you can easily hit them by mistake. Maybe the fourth generation will be the charm.

Since I only had my new Kindle for less than a week, I couldn’t test Amazon’s claim that the battery would last ten days with the 3G on, and a month with the radio shut off. (The low-end version claims 3 weeks with the Wi-Fi on.) But even if the specs come close, that seems like a nice boost to those who want to travel without worrying about keeping their charger close. There’s twice as much on board storage from the previous gen Kindle, enough for 3500 books. And the basic Kindle finally has the native PDF support of its bigger brother, the Kindle DX.

Should you get the low-end Wi-Fi version for $139 or the one with free 3G mobile connectivity for fifty bucks more? I didn’t get a chance to test the low-end Kindle, but after using the Wi-Fi on the deluxe version, I found it simple to access and use my password-protected network. The Amazon store (and other web pages) loaded a little more nimbly via Wi-Fi and it seemed to me that books downloaded more quickly, too. Basically, unless you plan to use your Kindle in a lot of situations where you dont have Wi-Fi access, or are traveling internationally (Kindle’s AT&T 3G broadband works overseas for free), I think that the lower-end version would be fine. Even though Amazon has sped up its web browser (buried under the “experimental” menu option) it’s still monochromatic, sluggish, and awkward compared to a computer, iPad, or even your smart phone.

Amazon is also offering a new case for the Kindle with a built-in book light that draws power from the device itself. Snaking above the page, the light does a decent job, but the case adds considerably to the bulk to the Kindle, which is really nice to use in its naked form. At $60, the case is expensive in comparison to the gadget. If Kindle prices keep going down, and the price of a cover keeps inching up, will users soon pay more to shield the Kindle than they do to buy it?

Even though it’s not part of the new Kindle launch, I should mention a feature that Amazon rolled out in the last operating system upgrade. You may now come across passages in a downloaded book that have been highlighted by other users. (You have the option of turning it off.) You can also access a list of such “meaningful passages” through a menu item. Though this seems spooky the first time you see it, I think it’s a hint of how reading itself may be creeping towards a social experience.

The subtle implementation of this feature shows Amazon’s awareness that it is at the forefront of a movement that may have powerful and unexpected consequences on the centuries-old practice of reading. But the company’s primary mission with Kindle is to establish it as something readers will want to carry around with them, even in the emerging age of tablet computers. The third generation Kindle, with its aggressive pricing and its improved design and features, does that job nicely.

WIRED Amazon keeps pace with a more competitive e-reading marketplace with a smaller device, more readable text, yet and another improved hardware interface. $139 price for Wi-Fi version will open the door for multi-Kindle families. Battery life is long enough for space shuttle missions.

TIRED Still the same DRM, no touch-screen navigation, the book-light case is too costly. Only those with tiniest fingers will avoid hitting the “back” button when moving the cursor down. Interface for newspaper and magazines still clunky.

product image

Boost USB Port Voltage

ixp1-500-ipad-usb-300x168.jpg

Most larger gadgets that recharge via USB require at least 10 watts of power like Apple’s iPad. The iXP1-500 dongle claims it will allow devices to recharge from underpowered USB ports.

I’m not quite sure how they accomplish this for $5, but I assume it must have some sort of capacitor inside that stores juice from these underpowered ports and then sends it down the USB port.

XMultiple Technologies (the makers of the iXP1-500) say that its “100% guaranteed to work”. Hocus pocus or simple electronics? I’m not sure, but if anyone out there gets one be sure to let us know.

tech.nocr.atBoost USB Port Voltage originally appeared on tech.nocr.at on 2010/08/20.

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Replace Batteries With USB Power

battery-sized-adapter.jpg

If you can avoid using disposable batteries then you should. Landfills are full of them and we are doing nothing more than killing our environment by using them. I know that rechargeable batteries are better, but there is always the hassle of having to recharge them and then you eventually have to toss them out as well.

When Apple recently released their desktop trackpad I was surprised to see that it was using batteries as opposed to USB power. Apparently others thought the same thing and did something about it.

battery-adapter-in-use-e.jpg

Markbog over at the MacRumors.com forums did just that. He crafted together a battery size dowel and stripped down a USB cable to make it all happen.

I’m assuming the trackpad must have a voltage regulator or voltage step up since 2 AA batteries only give off 3V and the USB power spec if 5V. Either way, it seems to be working just fine for him.

tech.nocr.atReplace Batteries With USB Power originally appeared on tech.nocr.at on 2010/08/20.

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WinCleaner One-Click (Up to 3 Users)

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Industry Insiders Say Online Video Advertising Is Reaching A “Frenzy Point”

With the flood, comes the feast. Advertising dollars are pouring into online video. Some of the largest online video ad networks are seeing revenue growth accelerating this quarter, and expect the fourth quarter to be even bigger. “Last year we grew 40%, this year we are growing 90%,” says Keith Richman, CEO of Break Media. He expects Break’s total revenues in the third quarter, which include more than just video advertising, to be well above $10 million for the first time.

Tremor Media, which is one of the largest video ad networks and second only to Hulu in the number of video ads it serves, is also seeing a doubling of ad revenues. “It has reached a frenzy point over last three quarters.” CEO Jason Glickman tells me. “We see television dollars moving to online video,” he declares. The fourth quarter “is lining up to be a monster,” and next year Tremor’s revenues are on track to top $100 million for the year.

TV advertising still dwarfs online video, with about $70 billion spent on there in the U.S. Online video advertising is estimated to reach $1.5 billion this year, up from $1 billion last year, according to eMarketer. “Our share of the $1 billion or $2 billion pie for online video is insignificant compared to the budgets that are coming over,” says Glickman.

Relatively small shifts in advertising budgets from TV to online can create huge swings in growth for online video. eMarketer estimates that online video advertising will grow 48 percent in 2010, accelerating from 39 percent growth last year (which was a weak year compared to the 127 percent hypergrowth in 2008). But judging by what Tremor and Break are seeing that $1.5 billion estimate might prove to be conservative. Glickman expects revenues next year to top $100 million. Caveat: treat their experience as anecdotal snapshots of the industry which happen to match.

It very well may just be the big ad networks and properties like Hulu that are seeing the vast majority of new ad dollars. “If you are not in the top 10 on comScore you will have a tough time, notes” Richman, “money goes to the guys who are big.” TV advertisers want to match their reach on TV, and online video that is deemed to be safe, professional content is starting to get to those levels. It is not American Idol,” says Glickman, “but it is like a large cable network.” Advertisers can’t yet reach 30 million people in an hour with a single media buy online, but they can reach that many people over the course of a week, and they can target to specific demographics and get some feedback on how the ads are performing, which TV advertising still can’t do very well.

Advertisers are becoming increasingly comfortable with putting their video ads online. Hulu, which may be filing for an IPO, is the largest beneficiary of this trend. If an advertiser already puts ads against House or The Office on TV, it is a no-brainer to match that online on Hulu. But they are also beginning to trust the larger video ad networks like Tremor and Break, which put ads against a wider range of professionally-produced video from guy videos to sports clips and movie trailers.

“I have never seen test budgets that start at half a million dollars,” says Glickman. Usually ad agencies start testing with one tenth as much. Also, he is seeing about a dozen larger commitments in the double-digit millions over the course of the year, deals he calls “online video upfronts” because they are negotiated in advance like regular TV upfronts. According to comScore, Hulu showed the most video ads in July with 783 million, but Tremor came in second with 452 million video ad views.

Video is definitely shaping up to be a large and growing business for the bigger players and ad networks, but will those advertising dollars trickle down to the smaller guys as well?

Photo Credit: Flickr/ Cathy Stanley-Erickson.


As Google Shutters On2?s Encoding Service Flix Cloud, Zencoder Gets A Boost

When Google acquired video compression technology company On2 for $106 million last year, the search giant also got encoding SaaS Flix Cloud as part of the deal. Now it looks like Google is shuttering Flix Cloud in November (and will stop accepting new customers as of tomorrow), and encouraging users to move to newly launching encoding startup Zencoder, which we previously wrote about here.

Zencoder’s founders actually originally developed the cloud encoding technology behind Flix Cloud, that was used by video compression startup On2 technologies. Flix Cloud combined Zencoder’s cloud encoding software with On2?s Flix Engine encoder, putting Flix Engine in the cloud. The founders launched Zencoder earlier this year as new version of Flix Cloud that promised improvements in speed, quality, reliability, and ease of use.

Here’s what Google wrote on the Flix Cloud home page:

We’ve made arrangements with Zencoder, our Flix Cloud partner, to help Flix Cloud customers move to the Zencoder cloud encoding service if they so choose. The Zencoder team has created a very impressive service that offers many improvements over Flix Cloud, including two-pass H.264 encoding, faster queues, audio-only encoding, and support for the new open WebM video format. For more information, see the Zencoder Flix Cloud transition page or log in to your dashboard.

As we wrote in out initial review of Y Combinator-backed Zencoder, the startup wants to be the Amazon Web Services for encoding. Zencoder differs from competitors like Encoding.com in that it charges clients per minute of video encoded vs per gigabyte. The startup also claims to handle 95% of the unusual or corrupt files that other services can’t tackle and includes the ability to autorotate iPhone videos shot in landscape mode and enhanced developer tools, including a code generator for API calls.

Zencoder is offering tips and information on transitioning to its service here.

And you can see a list of other services and products Google has shut down here.


Confirmed Hot Potato: Yup, Facebook Bought ‘Em, Will Soon Shut Them Down

As we noted nearly a month ago now, Facebook has acquired social activity and ‘check-in’ service provider Hot Potato for about $10 million in cash.

Facebook, fresh from announcing its entry into the location game (our ongoing coverage), and Hot Potato this morning confirmed the acquisition, which is clearly a move by the social networking juggernaut to bring in more talent rather than expanding its product line.

In a blog post, Hot Potato writes:

“This wasn’t an easy decision, especially since we’ve built up a base of dedicated users. If Hot Potato was going to sell to anyone, Facebook was the natural choice. Facebook is still small, moves fast, provides a great supportive environment for people to be entrepreneurial, and most importantly, Facebook builds great products. We’re looking forward to joining their team.”

The startup also says that they’ll be shutting down all operations in about a month and delete all data, as we anticipated. New user registrations have already been turned off, and Hot Potato says it will soon offer existing users a way to download their information from the site (here). No user data or account information will be kept by Facebook, they add.

Hot Potato, which launched at our Realtime CrunchUp event last November, raised a small $1.42 million Series A round late last year from a number of early-stage investment firms and a slew of angel investors.

The young company initially focused strongly on check-ins based around events, and later pivoted more towards check-ins based on anything you may be doing.

We recently reported Facebook is planning for more and potentially larger acquisitions in the future, and that they’re recruiting dealmakers to make things happen.


Texts From Last Night Founder Raises Funding For Stealth Startup BNTER

If you haven’t checked out Texts From Last Night, you probably should. The hilarious site, which can provide hours of pure entertainment, allows users to submit the wittiest texts they may have received or sent between their friend (which are keep anonymous except for the area code). One of the site’s founders, Lauren Leto, has just raised funding from an all-star group of angel investors for her stealth startup, Bnter (pronounced ‘Banter’). Investors include Founder Collective (Chris Dixon), SV Angel (David Lee), High Line Venture Partners (Shana Fisher).

Details are sparse but Leto tells us that she is taking the way people interact on TFLN and implementing this knowledge in Bnter. The site, which Leto co-founded with Patrick Moberg, will center around how people communicate, will include user profiles, and social components. Leto says the startup will launch sometime next month.

While there’s still much more to be revealed about Bnter, Leto has a track record of being able to take a simple idea to a viral level. TFLN, which never raised money, has spawned merchandise, a book deal and even a tv show.

We’ll be sure to let you know when Bnter launches.


Hands-on With the Nerf Stampede ECS-50

A lot of folks are like “I would love to shoot a lot of Nerf darts at my friends and fellow cubicle dwellers, but my arm is too weak to keep pumping the Nerf gun. What can I do?” Dude. Get a Nerf Stampede ECS-50. This fully automatic gun shoots 18 darts in about a minute and includes 3 full clips and one smaller 5 dart clip. It also has a bipod and a blast shield.

Seriously. This is a monster. I’ve never seen a Nerf gun like this one. It makes you feel like freaking Rambo with a gut.

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Digital Textbook Startup Inkling Scores Sequoia Funding, Publisher Deals

Inkling, a startup that develops a digital textbook platform, has just raised an undisclosed amount of Series A funding today, led by Sequoia Capital with participation from Kapor Capital, Sherpalo Ventures and Felicis Ventures. Inkling had previously raised seed funding from Mitch Kapor and Ram Shriram. Inkling has added Peter Currie, Former CFO of Netscape, and Bryan Schreier, Partner at Sequoia Capital, to its board.

As the iPad and other tablet devices become a go-to device at schools and colleges for consuming textbook content, Inkling is hoping to help publishers capitalize on that growth. Inkling’s platform, which launched today, delivers interactive textbooks that feature the ability to collaborate, add multimedia and communicate within content. Inkling aims to add another layer to online textbooks by adding 3-D objects, video, quizzes, and even social interaction within the content.

Inkling’s sync technology lets students collaborate in real time by sharing their notes and highlights with one another. And students can see comments from their friends and professors right alongside their own notes.

The startup has already struck a number of content development partnerships with textbook publishers, including Cengage Learning, John Wiley & Sons, McGraw-Hill, and Wolters Kluwer. Inkling will partner with these publishers to add interactivity to textbook content.

Inkling launch today also coincides with the public debut of its iPad app, which is available in the App Store.


New Yeast With High Alcohol Tolerance Could Improve Biofuel Production

At the intriguing intersection of green tech and microbial genomics lies a new discovery that could make biofuel production more efficient and affordable. That discovery is a strain of yeast with above-average alcohol tolerance.

Biofuels are made by fermenting crops, and when yeast is used to convert sugars into biomass, the fermentation can create familiar alcohol-based fuels like ethanol and isobutanol.

Here’s the catch: if the fuel is too concentrated, the yeast begins to die. It would be more efficient to be able to produce highly concentrated batches, however. So University of Illinois Professor Yong-Su Jin set out to find a gene in yeast that can help it tolerate more alcohol.

Jin studied the microbe most commonly used in ethanol production, Saccharomyces cerevisiae, and found not one, but four genes that boost yeast’s tolerance to ethanol and isobutanol.

Now the challenge will be to breed yeast with these genes over-expressed. One of the genes in particular, INO1, increased tolerance by 340% and could help produce up to 70% more ethanol per batch.

It might not be as simple as it sounds though, since other genetic elements could interact with the identified genes in a way that hasn’t yet been tested. Still, it’s a discovery that could significantly improve biofuel production in the future, especially as scientists begin to breed yeast with this knowledge.

Photo credit: Flickr via Steve Jurvetson


Smartphone App Market Reached More Than $2.2 Billion In The First Half Of 2010

Research2guidance, a Berlin-based research organization specialized in all things mobile, recently forecasted the worldwide smartphone application market to reach $15 billion by 2013.

In an update, the firm says the global smartphone app market has in fact already reached $2.2 billion in the first six months of this year.

Also according to research2guidance’s findings, mobile application download numbers reached a total of 3.8 billion in the first semester of this year, compared to 3.1 billion in 2009 (full year, to be clear).

The firm attributes the strong growth numbers to the success of Apple’s App Store, Android Market and other mobile app stores like Ovi Store and Blackberry’s App World.

In the future, they expect growth to also come from niche stores for verticals such as business or health.

The research organization’s projections are fairly conservative compared to others. An independent study released last March by app store company GetJar indicated that the market for mobile apps could grow to a whopping $17.5 billion – thus overtaking CD sales – by 2012.

In an earlier report, research2guidance posited that the big surge in applications will also be driven by a fast-growing number of smartphone users worldwide, which the research company estimates will increase from about 100 million in 2009 to nearly 1 billion by 2013.