App revenues soar 22% to over USD 18 bln in Q1

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(Telecompaper) Worldwide app downloads and revenues posted record annual rises in the first quarter of 2018, according to the latest report from App Annie. Global iOS and Google Play combined downloads surged more than 10 percent year-on-year to 27.5 billion while combined consumer spend on the two platforms rose 22 percent year-on-year to USD 18.4 billion. The download figures don’t include app updates or re-installs on new phones.
Source: Industry News (syndicated from Telecompaper.com)

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