Apple today announced that its global developer community has earned over $70 billion since the App Store launched in 2008. The App Store is home to the most innovative apps in the world and in the past 12 months alone, downloads have grown over 70 percent.

“People everywhere love apps and our customers are downloading them in record numbers,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “Seventy billion dollars earned by developers is simply mind-blowing. We are amazed at all of the great new apps our developers create and can’t wait to see them again next week at our Worldwide Developers Conference.”

Those numbers are just insane to think about. The types of apps being developed have become more complex in recent years, allowing us to do so much more with our iPhones and iPads. Having powerful hardware is very important, but having a thriving ecosystem of apps to run on the hardware is important too.