Apple acquires app development startup buddybuild

By Ernie Smith  Jan 4 2018

Meanwhile, Buddybuild says, "For iOS developers, Buddybuild can take care of all the work associated with code signing, and managing provisioning profiles for you". (NASDAQ:AAPL). On the other hand, the iPhone maker made the usual statement, "we generally do not discuss our goal or plans" for "smaller technology companies" bought "from time-to-time". Services, which include revenues from Internet Services, App store, Apple Music, AppleCare, Apple Pay, licensing and other services, surged 34% year over year to almost $8.5 billion in the last quarter.

So far, Apple has not disclosed any financial terms about the deal. The move is expected to simplify app development for coders as Buddybuild can be integrated into Apple's suite of software development tools called Xcode.

In fact, Apple announced this week that consumers made a whopping $300 million in purchases on the App Store on New Year's Day 2018 alone.

The startup's system will fit nicely into the set of tools of Apple, which brings more methods to test, debug and deploy mobile apps via a proprietary channel. Apps are a battleground for Apple, Google, and other smartphone makers.

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Apple, whose iPhones have always been outstripped by devices powered by Google's Android in terms of market share, still generates considerably more revenue from apps than the latter.

Android devices have outstripped iPhones as regards to market share.

Apple is on track to double Services revenues of $24 billion in fiscal 2016 by 2020. It also makes sure that its tools are filled with new features and tools so that they are easier for developers to use. In 2014, Apple acquired TestFlight which began to require users to employ Xcode to utilise the service. They're both former employees of Amazon. Buddybuild had raised $8.8 million from Kleiner Perkins Caufield & Byers, First Round Capital, Bloomberg Beta, Amplify Partners and a number of individual investors, including Mike Vernal, Dave Johnson, Steve Garrity and Douglas Purdy.

Stewart Butterfield has served as an advisor for the company, and Slack has become one of its more prominent clients. However, after the acquisition, the start-up would no longer offer Android and Free Starter services starting March 1.

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