Instagram Picked by Apple as the “iPhone App of the Year”

Instagram is holding onto its place as the darling of the mobile photo sharing world. After adding a whopping two million new users in a month thanks to Thanksgiving and the release of the iPhone 4S, the app now has a shiny new trophy for its shelf: it has been selected as Apple’s “iPhone App of the Year“. The future is looking extremely bright for the 13-month-old, 7-man company: Goldman Sachs recently designated it as a potential IPO candidate and founder Kevin Systrom expects the membership base to double once the Android version arrives.