Story image

Apple's App Store earnings top $70 billion since its launch in 2008

08 Jun 17

Apple's global developer community has collectively earned more than $70 billion since the App Store first launched in 2008, and the company is more than pleased with how it has evolved.

Apple says its store hosts the 'most innovative apps in the world', and if the latest statistics are anything to go by, downloads have grown more than 70% in the last 12 months alone.

“Seventy billion dollars earned by developers is simply mind-blowing. We are amazed at all of the great new apps our developers create,” comments Apple's senior vice president of worldwide marketing.

The company has also opened up its subscription business model to developers across 25 app categories, which has seen paid subscriptions jump 58% year-over-year.

Customers are also subscribing to major apps such as Netflix and new apps such as mobile-first cooking network Tastemade.

Gaming entertainment top the two post popular app categories, while lifestyle and health & fitness apps have grown 70% in the last year. The photo and video category is the fastest-growing with 90% growth.

Developers from around the world create apps for Apple customers in 155 countries. The company cites hits such as Pokemon Go, Super Mario Run and CancerAid.

This week Apple unveiled its new-look App Store. It also released the 10.5 inch iPad pro as well as watchOS 4. It also gave the iMacs more processing and display power. But the main announcement may have some savouring the look of the new iMac Pro, set to launch in December.

IDC: Smartphone shipments ready to stabilise in 2019
IDC expects year-over-year shipment growth of 2.6% in 2019, while the world's largest market is still forecast to be down 8.8% in 2018.
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
New app conducts background checks on potential tenants
Landlords and house owners need to obtain a tenant’s full name, date of birth, email address, and mobile number in order to conduct the search. And most importantly, they have to get the tenant’s permission first.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Meet Rentbot, the chatbot that can help with tenancy law
If you find yourself in a tricky situation  - or if you just want to understand your rights as a landlord or tenant, you can now turn to a chatbot for help.
PlayerUnknown’s Battlegrounds (PUBG) finally releases on PS4
PUBG on PS4 feels like it’s still in Early Access as the graphics look horribly outdated and the game runs poorly too. 
How AI can fundamentally change the business landscape
“This is an extremely interesting if not pivotal time to discuss how AI is being deployed and leveraged, both in business and at home.”