Windows Phone 8 has been out in the market for a short time, but already the new Microsoft operating system seems to be a booming success. Developer revenues are up along with the number of apps available in the Marketplace.

Since Windows Phone 8 launched in November, developers have experienced an increase in their app downloads, which in turn is boosting the amount of revenue they are making. Microsoft will welcome this news because if developers are happy, it would give them more incentive to create more and better apps for the platform. Not only that, but developers who have been skeptical about jumping onto the Windows Phone train will now have ample reason to come on board.

The success story doesn't stop there. According to Nokia, the Windows Phone Store is now home to over 120,000 applications, 46 of which are among the top 50 Android and iOS applications. With the Nokia Lumia 920 and HTC 8X leading the charge (with Windows Phone 8 at the heart), there is a high chance that Microsoft could be in for an unexpected success.

What's next for the Windows Phone platform you ask? Well, Windows Phone 7.8 is just around the corner, there have been many sightings of the OS running on Nokia hardware with rumors suggesting when it will finally find its way in consumers hands. Additionally, Microsoft is preparing the first update for Windows Phone 8 that may bring forward some of the features that should have been in the initial release.

Exciting times ahead for Windows Phone. No one knows if Microsoft has found its white knight, but time will tell.