Apple announced in a press release earlier today that since launching the App Store back in 2008 developers have earned a whopping $70 billion.
This announcement comes just days before Apple’s upcoming WWDC17 event. As if the fact that iOS app developers have earned $70 billion isn’t impressive enough, below is a tweet that shows the exponential growth in earnings and accumulative app billings which are more around the $100 billion mark.
Payouts are at $70 billion but billings are around $100 billion. Here is history of app billings, cumulative. pic.twitter.com/rEKhhZEaxx
— Horace Dediu (@asymco) June 1, 2017
Of course much of this success is thanks to apps being downloaded and purchased on the iPhone, but as you can see with the iPad tablet being added to the array of innovative Apple devices in 2010 iOS app earnings increased even more.
Apple’s senior vice president of Worldwide Marketing, Philip Schiller, states:
Seventy billion dollars earned by developers is simply mind-blowing. We are amazed at all of the great new apps our developers create and can’t wait to see them again next week at our Worldwide Developers Conference.
There’s no signs of the mobile app industry slowing down either. Just in the past 12 months alone the number of iOS app downloads have increased 70%. Much of this is a result of the many changes and improvements Apple has made to the app store during the past year.
As of now there are currently 25 different categories in the App Store with apps being created for iOS device users in 155 different countries. Among the different app categories, gaming and entertainment apps are the top grossing.
The mobile industry sure has come a long way in the past decade. It seems like just yesterday we were blown away by the fact that there were nearly half a million Android apps developed yet now such numbers don’t seem very impressive at all.
What new innovations will surface and where will the mobile app development industry go from here? Only time will tell, but one thing for sure is the industry will continue to evolve and change the way we do things more and more with each passing year.