Facebook also emphasized in its release on the earnings other revenue products such as Custom Audiences, Offers and mobile developer app install ads.

FORBES: Move up http://i.forbesimg.com t Move down

The emerging generation of programmers seem highly adept at creating them: Harry Moran, a 12 year old developer from Cork, Ireland became the youngest app developer in the App Store in November with his Pizza app, Pizzabot.

FORBES: Creating An App Goes the Way of Facebook and Twitter - Easy and Free

Ian Schenkel, CEO of European app developer EuroSmartz, thinks marked consolidation among the app-building community could take place within the next year or two.

FORBES: Is App Developer Consolidation on the Horizon?