Microsoft's Internet Explorer i headed towards losing its place as the #1 browser by the middle of 2012, according to statistics published by Web metrics company Net Applications.
In August, IE lost almost a percentage point in usage share, falling to 55.3%, a new low for the slowly declining browser. In the last year, IE has dropped 6.9 points. On Windows 7 IE9 accounts for 20.4% of all browsers globally, and 27.7% on Windows 7 in the U.S. IE9 runs on Windows 7 and Vista, but does not work on Windows XP. IE8 is currently the most popular version, with a 30% share overall and 54.4% of all editions of IE.
Almost all IE's decline over the last year is thanks to Google's Chrome browser. In the last 12 months, Chrome has increased by 7.8% points to 15.5%. Firefox on the other hand is in danger of losing its 2nd place spot which it has held for years. If Firefox and Chrome keep to the pace they have been on, Chrome will overtake Firefox about the same time IE falls to under 50%.