App Store developers have made more than $50 billion, Apple reveals

Developers have now earned more than $50 billion through Apple’s App Store, with last month providing a record-breaking chunk of the change.

Apple CEO Tim Cook tweeted the news, congratulating devs for their “success and such inspired creativity”.

He added that July of this year had proved to be a bumper month for the mobile marketplace, generating the highest-ever number of monthly billings and revenue paid to devs.

A report released earlier this year estimated that 2.5 billion apps have been launched on the platform to date, with around 500 new releases appearing each day. The average price of an app was found to be $1.13, with games coming in at 55 cents.

.@AppStore developers have now earned over $50 billion! Congratulations on your success and such inspired creativity.

— Tim Cook (@tim_cook) August 3, 2016

July was a record-breaker for the @AppStore! Highest-ever monthly billings and money paid to developers.

— Tim Cook (@tim_cook) August 3, 2016