Apple Says Developers Earned Over $70 Billion Since App Store’s Launch

Apple Says Developers Earned Over $70 Billion Since App Store's Launch


  • Apple made the announcement on Thursday
  • Photo and Video category is fastest growing category on App Store
  • Apple’s WWDC 2017 kicks off next week

Apple on Thursday, few days ahead of its Worldwide Developers Conference (WWDC) kickoff, announced that its global developer community has earned over $70 billion through the App Store since its launch in 2008. The Cupertino-based giant further added that last 12 months have seen massive growth, and the App Store has seen over 70 percent growth in downloads.

Talking about its App Store, Apple said that iOS developers around the world have been catering to 155 countries, and few segments have lately seen massive growth. Apple says that the Photo and Video category is among the “fastest-growing” as it registered nearly 90 percent growth. Other segments like Lifestyle apps, Health and Fitness have seen over 70 percent growth in the past year. Gaming and Entertainment are top-grossing categories, adds Apple in a statement.

Apple also adds that the subscription model introduction has bumped the paid subscriptions as it saw 58 percent more paid subscriptions compared to over a year ago. The company notes that subscription model has been doing well in a wide variety of services including Netflix and Hulu. While newcomers like Tastemade, the mobile-first cooking network, and photo editing apps like Over and Enlight, have also done well.

Announcing the news, Philip Schiller, Apple’s Senior Vice President of Worldwide Marketing said, “People everywhere love apps and our customers are downloading them in record numbers. 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.”

Apple’s annual developer conference WWDC is no doubt one of the biggest events for the technology lovers and it will take place from June 5 to June 9. The 28th annual Worldwide Developers Conference will be returning to McEnery Convention Center in San Jose, which will host the event after 15 years. For those unaware, San Jose was the original venue of WWDC, and it hosted Apple’s annual event from 1988 to 2002.


Angel Investments Since the Economic Downturn

In an earlier post, I discussed how venture capital deals have changed since the financial crisis and the Great Recession. Today, I want to point out some changes in angel deals and angel investments over the same period.

Because there is a lot less information on angel investing than on venture capital, I will concentrate on just four dimensions of angel finance:

  • The number of investors.
  • The amount invested annually.
  • The number of businesses funded each year.
  • The average size of the investments.

Number of Angel Investors

The number of angel investors isn’t appreciably different now from what it was before the Great Recession. The Center for Venture Research (CVR) at the University of New Hampshire estimates that there were 258,200 angel investors in the United States (PDF) in 2007 and 268,160 in 2012.

That’s a change of less than 4 percent.

Amount Angel Investments

The amount of financing provided by business angels has changed by much more, declining 20 percent inflation-adjusted terms from before the recession to last year. According to CVR’s estimates, angels invested $27.3 billion in 2007 versus $21.8 billion in 2012 (both measured in 2010 dollars).

Number of Companies Financed

In contrast to the amount of money provided to entrepreneurs, which is now lower than before the start of the Great Recession, the number of companies receiving financing is currently substantially higher. The CVR estimates a 17.3 percent increase in the number of companies funded by angels between 2007 and 2012 (from 57,120 to 67,030).

Angel Investment Size

The decline in the amount of capital provided by angel investors combined with the increase in the number of companies that business angels have financed has led a sizable drop in the size of average angel investments.

As the figure below shows, average angel investments were roughly one third lower last year than in 2007, when measured in real terms. Moreover, the relatively constant size of the average angel investment in the early part of the 2000s and again since 2008 suggests that the financial crisis and Great Recession has led angels to fundamentally alter the size of their investments.

Source: Created from data from the Center for Venture Research at the University of New Hampshire
Source: Created from data from the Center for Venture Research at the University of New Hampshire

In short, angels have responded to the changed economic environment, not by exiting the market, but by providing less money to more startups, thereby dramatically reducing the size of the average angel investment.

Business Angel Photo via Shutterstock


Amazon Web Services Says Over 1,000 Databases Moved to Cloud Since January 1

Amazon Web Services Says Over 1,000 Databases Moved to Cloud Since January 1’s cloud business, Amazon Web Services, said that more than 1,000 databases have been moved to the AWS cloud by customers since the beginning of the year.

The AWS Data Migration Service, which allows migration of databases such as Oracle, SQL Server, MySQL, MariaDB and PostgreSQL from on-premises data centres to AWS, is now available to all customers, the company said on Tuesday.

Amazon Web Services said that Expedia, Pegasystems, and Thomas Publishing are among many of the customers who have moved on-premises databases to Amazon Aurora and other Amazon RDS engines.

Cloud computing is the fastest growing business for Amazon, which until recently was mostly known as an online marketplace.

In the meanwhile, is under investigation in Italy for alleged tax evasion, the company’s chief for Italy and Spain Francois Nyuts told Bloomberg.

Prosecutors, last month, were investigating five managers at Alphabet Inc’s Google as part of a probe into allegations the firm evaded taxes worth EUR 227 million ($257 million) in Italy, according to sources.

“Amazon pays all applicable taxes in every jurisdiction where we operate, including Italy. We are cooperating fully with the Italian authorities,” Amazon spokesman Conor Sweeney told Reuters in an email.

© Thomson Reuters 2016

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Tags: Amazon, Amazon Web Services, AWS, Internet