In just four years, the app universe has grown from 8,000 to one million and apps are now a nearly $8 billion dollar industry with more than 100,000 developers.

The proliferation of smart phone apps shows that innovation is alive and well in information and communications technology. It also serves as a reminder that public policies must adapt to and encourage these developments so that we can continue to expand economic opportunities in mobile broadband and beyond. Smart phone apps also raise new questions for consumer privacy, self-regulation in the Internet ecosystem and highlight the need to make more spectrum available for these innovations. Public policy needs to better keep pace with private ingenuity in ICT.