Apple buys the app development service Buddybuild

Consumers Spent Billions On Apple Inc. (AAPL) App Store This Holiday Season

We want to thank all of the creative app developers who have made these great apps and helped to change people's lives.

Apple has acquired a Canadian software startup named Buddybuild to entice app developers. As stated on its official site, Buddybuild is a mobile iteration platform with focused expertise on integration and debugging implementations. In simple words, Buddybuild offers tools for developers that are created to let them quickly and easily build apps through GitHub, BitBucket, or GitLab.

"We're excited to share that the buddybuild team has joined the Xcode engineering group at Apple to build unbelievable developer tools for the entire iOS community", the post reads. It celebrated that fact by noting that it's a proud Canadian company.

No financial terms have been disclosed for the deal.

Currently, the team has more than 40 engineers. Of course, Apple is pleased with this development. That being said neither Apple nor Buddybuild has given any specific timeline of when will that happen.

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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.

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. The noteworthy aspect of this development is how the startup was meant to make the work of developers much easier via testing and improvements. Past year also saw Apple unveil a redesigned App Store with the release of iOS 11 in September. They help in attracting more users to purchase their devices. Of the $17 billion generated in Q3 from apps globally (excluding China), Apple accounted for around $11 billion of it, according to App Annie.

Notably, shares of Apple have gained 48.5% in the past one year slightly outperforming the industry's 45.5% rally. Moreover, customers spent more than $890 million in the App Store during the week which began on Christmas Eve. It started to require its users to use Xcode when utilizing the service.

Buddybuild was founded back in 2015 by two former Amazon employees named Dennis Pilarinos and Christopher Stott. The startup has managed to raise around $8.8 million in three years of existence.

The company advisor is Stewart Butterfield, and its most prominent client is Slack.

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