Local app company bought by Apple, plans to stay in Vancouver

It was a Happy New Year for the App Store as it took in a record $300 million on January 1st

And on New Years Day alone, people spent $300 million in the App Store, beating out last year's record-setting number of $240 million in purchases on January 1, 2017.

As for how the overall app economy is doing, Apple notes that iOS developers over the last 12 months raked in $26.5 billion, a figure which is 30% higher than what iOS developers earned in 2016.

Apple just released its end-of-year App Store numbers for 2017 and the first day of the new year, and the holiday season was once again a boon in terms of app purchases.

Augmented Reality is a big hit on the App Store and there are nearly 2,000 ARKit-enabled apps covering every category.

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App Store sales growth may serve as an indicator of iPhone demand, since new owners are more inclined to spend money in the marketplace in the days after they get a new handset.

Since the inception of the App Store in July 2008, iOS developers have earned over $86 billion. Speaking of AR, new features that were added to Pokemon GO on December 21st returned the game to the top of the App Store charts for a brief time. Among the most popular AR titles are games such as CSR Racing 2, Stack AR and Kings of Pool; shopping apps like Amazon and Wayfair; education apps including Night Sky and Thomas & Friends Minis; and social media apps including Pitu and Snapchat.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. The news was confirmed by the Buddybuild on its official blog, no official statement about the same has been issued by Apple. Apple's more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.



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