Mobile advertising revenues will grow 36 percent in 2009 thanks to the growth spurred by iPhones. Here is the revenues estimated to have been achieved in 2008 according to Magna and the projections for 2009 to 2011:

2008 : $169 million
2009 : $229 million
2010 : $331 million
2011 : $409 million

Keep yourself updated on all the technology news by following us on Twitter or by joining us on our Facebook Page.