Google’s Next Billion Dollar Business: CITI

Google Inc (NASDAQ:GOOG) doesn’t manage to make the same clean profit off of applications that Apple Inc. (NASDAQ:AAPL) does. The company offers part of the revenue from application sales to mobile carriers, and the lower average income of Android customers means that less money tends to pass through the Google Play store. Citigroup Inc (NYSE:C) analyst Mark May does not see these impediments lasting much longer, however. In a new report on Google Inc (NASDAQ:GOOG), which is entitled “Google’s Next Billion Dollar Business,” May takes a look at the potential of the Google Play store as a revenue earner for…