I had updated my application from version 1.0 to 1.1.
After 15 days it appeared "Ready for Sale". I had made the application available date to current date.
But even after a week it is not displayed in the category list when I search by "Release date".
Then I wrote a mail to apple about it.
This is what they replied.
"The released date displayed on an application page is the date the latest version of that application went live on the App Store. This date will allow customers to be aware of the date this version was released.
On category pages on the App Store, when you choose to sort by Release Date, applications are sorted according to the date the first version of the app went live on the App Store. Sorting by the original app released date creates a list where customers can easily find the most recent additions to the App Store.
Both of these dates are automatically set in the iTunes system and cannot be edited in iTunes Connect.
Does this mean that even after some update, the application will be displayed in last pages when it was first Released.
If this is the case then how would new people would come to know about the application.