Apple Announces Developer Earnings From the App Store Have Topped $70 Billion

Apple announced Thursday morning that developers all over the world for its platform have generated over $70 billion in total revenue, a new record since the launch of the App Store almost nine years ago in 2008.

“People everywhere love apps and our customers are downloading them in record numbers,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “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.”

“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.”

Even Apple CEO Tim Cook took to Twitter to commend the company’s developer base for their hard work and achievement.

This time frame has seen some of the most popular app releases yet, including that of Pokémon GO and Super Mario Run, both of which were runaway hits upon their release. With gaming and entertainment app categories being top-grossing categories in the App Store, these releases undoubtedly played a big part.

 Apple also revealed that App Store active paid subscriptions are up 58% year over year. Gaming and Entertainment are the top grossing categories and Lifestyle apps as well as Health and Fitness have experienced over 70 percent growth in the past year. The Photo and Video category is also among the fastest-growing at nearly 90 percent growth.

So what do you think?