diff --git a/package.json b/package.json
index d5169828ef6b04..3ed7cdc579eab6 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.3.7",
+  "version": "0.4.0",
   "description": "A framework for building native apps using React",
   "repository": {
     "type": "git",