Apple App Store reveals highest monthly developer payout

Tim Cook has revealed that Apple gave out a record-breaking amount in billings to its App Store developers in July.

Nasdaq 100

20,896.67

12:15 14/11/24

-0.66%

-139.49

The tech giant's CEO did not reveal any specific details on the news brought out via Twitter, apart from saying that it was the "highest ever monthly billings" handed out by the company.

July was a record-breaker for the @AppStore! Highest-ever monthly billings and money paid to developers.
— Tim Cook (@tim_cook) August 3, 2016

Cook later went on to congratulate software developers on their success, tweeting that they had earned over $50bn since the App Store's launch in 2008.

.@AppStore developers have now earned over $50 billion! Congratulations on your success and such inspired creativity.
— Tim Cook (@tim_cook) August 3, 2016

Reports have suggested that a major reason for the record-breaking month has been the emergence of augmented reality smartphone game Pokemon Go, which broke the record for the most downloads within the first week of release.

The game is said to be generating $10m per day for Apple and Android.