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

CEO Tim Cook adds that July 2016 saw a record-breaking amount of money earned by devs
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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.

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