Everyone said AI would kill apps. Instead, new app launches are soaring.
According to a new analysis from market intelligence provider Appfigures, worldwide app releases in the first quarter of 2026 were up 60% year-over-year across both Apple’s App Store and Google Play. That percentage was an even higher 80% when looking at the iOS App Store alone. In April 2026 so far, the total number of app releases is up 104% across both stores compared to the same time last year, and up 89% on iOS.
As Apple’s Senior Vice President of Worldwide Marketing, Greg “Joz” Joswiak, quipped In a recent interview: rumors of the App Store’s death in the AI age “may have been greatly exaggerated.”
Image Credits:Appfigures
These findings come amid concerns that the rise of AI chatbots and agents would ultimately see users turning away from apps — a theory that’s already being floated by those in the industry, like Nothing CEO Carl Pei, who is focused on building a smartphone for the AI era. The New York Times also reported last year on the potential for new computing platforms to eclipse the smartphone, like smart glasses, ambient computing devices, or reimagined smartwatches with AI features.
But there’s another possibility, too: AI will make it easier for anyone to create apps, driving a rebirth of the App Store. The new app gold rush could be led by creators who have ideas but not the technical skills to design mobile software.
Appfigures’ data indicates that certain categories of apps are seeing more new releases than others.
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Mobile games still account for most of the new app releases worldwide as of Q1 2026, as they have in prior years. But “productivity” apps have moved into the top five this year. The “utilities” category has also moved up to the number two slot, and the “lifestyle” apps category moved up from the No. 5 slot last year to now No. 3. Finally, “health and fitness”-style applications rounded out the top five categories.
Image Credits:Appfigures
The working hypothesis here is that AI-powered tools, like Claude Code or Replit, could be behind the surge of new launches. It also seems possible that we’re hitting some sort of tipping point in terms of AI usability, where it’s easy enough for people to leverage these tools to build their own desired mobile apps more quickly — or even build their first apps ever.
The explosion of new apps for Apple to review could also be behind some of the tech giant’s recent missteps. This week, Apple pulled the rewards app Freecash from the App Store for rules violations, after letting the app climb the store’s Top Charts and sit in the top five for months. Apple was also caught off guard by a malicious cryptocurrency app, a clone of Ledger Live, that drained $9.5 million in crypto from victims’ accounts.
While high-profile problems like this can generate bad PR for the App Store, the company still does a lot of heavy lifting in terms of blocking and rejecting dangerous or spammy apps. Apple’s most recent analysis from 2024 said the company had removed or rejected more than 17,000 apps for bait-and-switch violations that year; rejected more than 320,000 app submissions that were found to be spam, copying other apps, or misleading; and took action to prevent more than 37,000 potentially fraudulent apps from reaching users on the App Store.
Still, Apple pundits like John Gruber have long argued that the App Store needs a “bunco squad” of sorts that watches for scammy or fraudulent apps that are gaining in popularity or high-grossing.
If AI-assisted vibe coding turns out to be behind the recent surge of app releases, that need will only grow as more new apps flood the marketplace, not all of which will be benign.
BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc has recorded 296 per cent growth in profit after income tax for nine months ended September 30, 2026,
A notice filed by the company on the Nigerian exchange limited shows that profit after income tax rose by from ₦64.7 million in September 2025 to ₦256.4 million in September 2026.
Profit before income taxfor the company stood at₦301.7 million, as against₦75.9 million reported in 2025, reflecting a 296 per cent increase.
However, Insurance revenue declined by 19 per centto stand at ₦32.31 billion, when compared with ₦40.13 billion achieved by the company in September 2025.
Insurance service expenses also came down to ₦14.35 billion from ₦18.31 billion, while net expenses from reinsurance contracts held declined to ₦16.11 billion from ₦20.12 billion.
Insurance service result appreciatedto ₦1.85 billion from ₦1.71 billion in the corresponding period of the previous year.
Investment return increased to ₦1.73 billion from ₦1.38 billion, representing a 26 per cent growth.
Total assets went up from 24.47 billion in September 2025 to ₦41.27 billion as at September 30, 2026, representing a 69 per cent increase.
Total liabilities rose to ₦19.75 billion, compared with ₦10.10 billion in same period of 2025 while total equity increased to ₦21.53 billion from ₦14.32 billion, representing growth of 50 per cent.
The company’s basic earnings per share remained unchanged at seven kobo in both reporting periods.
The financial highlights show improved profitability, investment returns and balance-sheet growth, although insurance revenue declined during the period under review.
Nvidia is in talks to guarantee billions in debt financing for AI cloud provider Nscale’s planned Anthropic data center in West Virginia, The Information reported Thursday. Bloomberg later corroborated the report. Anthropic has signed a $44.6 billion contract for the project’s first building alone, according to Nscale’s IPO filing. In essence, the chipmaker would be co-signing a customer’s loans, a sign of how hard the AI industry is working to keep its buildout plans afloat as investors grow jittery about the amounts of money involved.
The proposed arrangement would help Nscale secure financing for the electricity and construction costs of its West Virginia campus. Under what’s known as a residual value guarantee, Nvidia would step in if Nscale defaulted on construction payments, temporarily take over the facility, and help find a buyer and new tenant, according to The Information.
Nvidia’s earlier support for cloud providers has mostly covered leases and chip purchases, not construction.
The stakes are high for Nscale, which is seeking to go public at a valuation of up to $35 billion despite growing concerns about its ability to deliver on ambitious data center projects.
Anthropic’s contract with Nscale covers the first 460-megawatt building at Nscale’s West Virginia campus, which is expected to use Nvidia’s next-generation Vera Rubin chips. The companies are also discussing a second deal worth roughly $45 billion for another building.
This month, Microsoft pulled out of a planned Nscale site in England after grid power for it was pushed into the 2030s.
Nvidia has been a major financial backer of the sector, extending roughly $170 billion in investments and credit support to neoclouds and large customers, according to The Information. That includes $1 billion in convertible financing committed to Nscale in September.
Neoclouds, which rent out AI computing power without a cash-rich core business behind them, have come under pressure from investors. Shares of CoreWeave, Nebius, and IREN had each fallen more than 30% in October as of last week, CNBC reported.
The proposed guarantee would deepen Nvidia’s financial ties to Nscale while helping secure a major customer for its chips. Anthropic, one of the largest buyers of AI computing power, has spread its infrastructure spending across multiple chipmakers. One investor told The Information that Anthropic’s involvement likely explains Nvidia’s interest in keeping Nscale’s project on track.
The discussions also come as Anthropic faces questions about how it will finance its own rapid expansion. The company filed to go public this week, but Blackstone has warned investors that Anthropic may receive a below-investment-grade credit rating after its IPO. A junk rating would raise Anthropic’s borrowing costs and could push it to keep relying on stronger partners to back its debt.
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