Apple App Developers Earned $20 Billion Last Year

Apple reported that developers raked in $20 billion on its App Store in 2016, a 40 percent jump since 2015, CNBC reports.

That suggests Apple reaped at least $8 billion in revenue from its App Store.

Said senior vice president Phil Schiller: “2016 was an amazingly great year for the App Store. We continue to advance what is available for developers to create. And our catalog of apps grew 20 percent to 2.2 million.”

Schiller said the biggest drivers for the App Store included games such as “Pokemon Go,” which was the most downloaded app in 2016.