App Store sees record-breaking month in July | iLounge News

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App Store sees record-breaking month in July

Apple CEO Tim Cook announced via Twitter yesterday that July set a new record for App Store sales, with the “highest-ever monthly billings and money paid to developers.” In a subsequent tweet, Cook went on to say that App Store developers have now collectively earned a total of over $50 billion over the past eight years that the App Store has been in operation.

Last month during the company’s Q3 2016 conference call, Cook revealed that the App Store had reached its highest revenue ever, and that Apple also set a new record for the average amount spent per customer on the App Store. During the same call, Cook went on to say that Apple expects its services revenue to continue to grow, which will be driven largely by App Sales, and that he expects it to be the size of a Fortune 100 company by itself by this time next year.

July also notably saw the launch of Pokémon Go, which set a record for the most app downloads during its first week of availability, and has been estimated as having reached over 100 million downloads and $10 million in daily revenue. [via MacRumors]

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