diff --git a/Package.resolved b/Package.resolved
index c30916d..aa7a699 100644
--- a/Package.resolved
+++ b/Package.resolved
@@ -24,8 +24,8 @@
         "repositoryURL": "https://github.com/iTwin/mobile-native-ios",
         "state": {
           "branch": null,
-          "revision": "d12b6be1b7910586441eacde676f663170f259c5",
-          "version": "4.7.29"
+          "revision": "5a1cd9e2d699007151a930bf2ef64e8226f589bd",
+          "version": "4.8.40"
         }
       },
       {
diff --git a/Package.swift b/Package.swift
index e57ace7..97ebc94 100644
--- a/Package.swift
+++ b/Package.swift
@@ -22,7 +22,7 @@ let package = Package(
     dependencies: [
         // Dependencies declare other packages that this package depends on.
         // .package(url: /* package url */, from: "1.0.0"),
-        .package(name: "itwin-mobile-native", url: "https://github.com/iTwin/mobile-native-ios", .exact("4.7.29")),
+        .package(name: "itwin-mobile-native", url: "https://github.com/iTwin/mobile-native-ios", .exact("4.8.40")),
         .package(url: "https://github.com/AsyncSwift/AsyncLocationKit.git", .upToNextMajor(from: "1.5.6")),
         .package(name: "Reachability", url: "https://github.com/ashleymills/Reachability.swift", from: "5.1.0"),
         .package(name: "AppAuth", url: "https://github.com/openid/AppAuth-iOS.git", .upToNextMajor(from: "1.6.0")),
diff --git a/README.md b/README.md
index b92dffa..896960f 100644
--- a/README.md
+++ b/README.md
@@ -43,7 +43,7 @@ target 'MyMobileApp' do
   use_frameworks!
 
   # Pods for MyMobileApp
-  pod 'itwin-mobile-native', podspec: 'https://github.com/iTwin/mobile-native-ios/releases/download/4.7.29/itwin-mobile-native-ios.podspec'
+  pod 'itwin-mobile-native', podspec: 'https://github.com/iTwin/mobile-native-ios/releases/download/4.8.40/itwin-mobile-native-ios.podspec'
   pod 'itwin-mobile-sdk', podspec: 'https://github.com/iTwin/mobile-sdk-ios/releases/download/0.22.11/itwin-mobile-sdk.podspec'
   pod 'AsyncLocationKit', podspec: 'https://github.com/iTwin/mobile-sdk-ios/releases/download/0.22.11/AsyncLocationKit.podspec'
 end
@@ -63,8 +63,8 @@ end
 ```
 
 ## Notes
-- This package is designed to be used with the [@itwin/mobile-sdk-core](https://github.com/iTwin/mobile-sdk-core) and [@itwin/mobile-ui-react](https://github.com/iTwin/mobile-ui-react) packages. Those two packages are intended to be installed via npm, and their version number must match the version number of this package. Furthermore, they use __iTwin.js 4.7.8__, and your app must use that same version of iTwin.js.
+- This package is designed to be used with the [@itwin/mobile-sdk-core](https://github.com/iTwin/mobile-sdk-core) and [@itwin/mobile-ui-react](https://github.com/iTwin/mobile-ui-react) packages. Those two packages are intended to be installed via npm, and their version number must match the version number of this package. Furthermore, they use __iTwin.js 4.8.1__, and your app must use that same version of iTwin.js.
 
-- If you are using this package via CocoaPods, make sure to set the `itwin-mobile-native` CocoaPod to version 4.7.29
+- If you are using this package via CocoaPods, make sure to set the `itwin-mobile-native` CocoaPod to version 4.8.40
 
 - You may get a warning from AppAuth's OIDExternalUserAgentIOS.h when you build any project that includes this as a Swift Package. Unfortunately, there is no way that we know of to disable that warning. It can be ignored, though.
diff --git a/itwin-mobile-sdk.podspec b/itwin-mobile-sdk.podspec
index 67a66d9..b78b7f2 100644
--- a/itwin-mobile-sdk.podspec
+++ b/itwin-mobile-sdk.podspec
@@ -17,5 +17,5 @@ Pod::Spec.new do |spec|
   spec.dependency "ReachabilitySwift"
   spec.dependency "AsyncLocationKit", "~> 1.0.5"
   spec.dependency "AppAuth", "~> 1.4"
-  spec.dependency "itwin-mobile-native", "4.7.29"
+  spec.dependency "itwin-mobile-native", "4.8.40"
 end