Unfortunately, it looks like Firefox has lost ground to Internet Explorer
. For the first time since Firefox was released, IE has regained some of the market share, growing to 87.2 percent from 86.6 percent. Firefox went from 8.7 percent to 8.1 percent. These are the results as according to NetApplications, who compile browser usage data from the more than 40,000 sites.
The loss of market share for Firefox is poorly timed for the Mozilla Foundation. On Aug. 3, Mozilla announced it would be launching a subsidiary, the Mozilla Corporation, aimed at leveraging the economic value of Firefox. With slipping market presence, the corporation could find itself scrambling to make up lost ground in its first initiatives.