App downloads and revenue again broke records in the first quarter of 2018

Global app downloads and consumer spending in apps had yet another record quarter, according to a new report from App Annie, out on Monday. In the first quarter of 2018, iOS and Google Play downloads grew more than 10 percent year-over-year to reach 27.5 billion – the highest figure to date. In addition, consumer spending on iOS and Google Play grew 22 percent year-over-year to reach $18.4 billion – also a record number.

The download figure is especially notable because App Annie is not counting app updates or re-installs. That means someone re-downloading an app on a new phone – like one received as a gift over the holidays – wouldn’t have been counted here. Only new app installs were counted.

Plus, the report points out that the total dollar amount…

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