diff --git a/Flipper.podspec b/Flipper.podspec
index 1097666ac..91f831b9d 100644
--- a/Flipper.podspec
+++ b/Flipper.podspec
@@ -3,7 +3,7 @@
 # This source code is licensed under the MIT license found in the
 # LICENSE file in the root directory of this source tree.
 
-flipperkit_version = '0.47.0'
+flipperkit_version = '0.48.0'
 Pod::Spec.new do |spec|
   spec.name = 'Flipper'
   spec.version = flipperkit_version
diff --git a/FlipperKit.podspec b/FlipperKit.podspec
index 54b487ab8..69c3f6e0c 100644
--- a/FlipperKit.podspec
+++ b/FlipperKit.podspec
@@ -5,7 +5,7 @@
 
 folly_compiler_flags = '-DDEBUG=1 -DFLIPPER_OSS=1 -DFB_SONARKIT_ENABLED=1 -DFOLLY_NO_CONFIG -DFOLLY_MOBILE=1 -DFOLLY_USE_LIBCPP=1 -DFOLLY_HAVE_LIBGFLAGS=0 -DFOLLY_HAVE_LIBJEMALLOC=0 -DFOLLY_HAVE_PREADV=0 -DFOLLY_HAVE_PWRITEV=0 -DFOLLY_HAVE_TFO=0 -DFOLLY_USE_SYMBOLIZER=0'
 yogakit_version = '~> 1.18'
-flipperkit_version = '0.47.0'
+flipperkit_version = '0.48.0'
 Pod::Spec.new do |spec|
   spec.name = 'FlipperKit'
   spec.version = flipperkit_version
diff --git a/desktop/app/package.json b/desktop/app/package.json
index fd61490e1..e3a8b84b4 100644
--- a/desktop/app/package.json
+++ b/desktop/app/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Mobile development tool",
   "productName": "Flipper",
   "author": "Facebook Inc",
@@ -23,8 +23,8 @@
     "deep-equal": "^2.0.1",
     "emotion": "^10.0.23",
     "expand-tilde": "^2.0.2",
-    "flipper-doctor": "0.47.0",
-    "flipper-plugin-lib": "0.47.0",
+    "flipper-doctor": "0.48.0",
+    "flipper-plugin-lib": "0.48.0",
     "fs-extra": "^8.0.1",
     "immer": "^6.0.0",
     "immutable": "^4.0.0-rc.12",
@@ -68,7 +68,7 @@
   },
   "devDependencies": {
     "@testing-library/react": "^10.0.2",
-    "flipper-test-utils": "0.47.0",
+    "flipper-test-utils": "0.48.0",
     "metro": "^0.59.0",
     "mock-fs": "^4.12.0",
     "pretty-format": "^25.4.0",
diff --git a/desktop/babel-transformer/package.json b/desktop/babel-transformer/package.json
index 1d3858e60..8b781cb25 100644
--- a/desktop/babel-transformer/package.json
+++ b/desktop/babel-transformer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-babel-transformer",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Babel transformer for Flipper plugins",
   "repository": "facebook/flipper",
   "main": "lib/index.js",
diff --git a/desktop/doctor/package.json b/desktop/doctor/package.json
index 764e7bb31..ab0a66147 100644
--- a/desktop/doctor/package.json
+++ b/desktop/doctor/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-doctor",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Utility for checking for issues with a flipper installation",
   "main": "lib/index.js",
   "flipperBundlerEntry": "src",
diff --git a/desktop/e2e/package.json b/desktop/e2e/package.json
index efad5f15a..5401f6bb5 100644
--- a/desktop/e2e/package.json
+++ b/desktop/e2e/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-e2e",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "private": true,
   "description": "E2E test suite for Flipper",
   "repository": "facebook/flipper",
diff --git a/desktop/headless-tests/package.json b/desktop/headless-tests/package.json
index bec2124b5..6cbe32f9a 100644
--- a/desktop/headless-tests/package.json
+++ b/desktop/headless-tests/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-headless-tests",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "index.js",
   "private": true,
   "scripts": {
diff --git a/desktop/headless/package.json b/desktop/headless/package.json
index 9afff6656..52f2a6b84 100644
--- a/desktop/headless/package.json
+++ b/desktop/headless/package.json
@@ -1,7 +1,7 @@
 {
   "name": "flipper-headless",
   "private": true,
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Headless version of Flipper - Mobile development tool",
   "productName": "Flipper Headless",
   "author": "Facebook Inc",
diff --git a/desktop/package.json b/desktop/package.json
index eee6addad..75d126e7c 100644
--- a/desktop/package.json
+++ b/desktop/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-project",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Mobile development tool",
   "productName": "Flipper",
   "author": {
@@ -176,9 +176,9 @@
     "eslint-plugin-react": "^7.20.0",
     "eslint-plugin-react-hooks": "^4.0.4",
     "express": "^4.15.2",
-    "flipper-babel-transformer": "0.47.0",
-    "flipper-pkg-lib": "0.47.0",
-    "flipper-plugin-lib": "0.47.0",
+    "flipper-babel-transformer": "0.48.0",
+    "flipper-pkg-lib": "0.48.0",
+    "flipper-plugin-lib": "0.48.0",
     "flow-bin": "0.127.0",
     "fs-extra": "^9.0.0",
     "glob": "^7.1.2",
diff --git a/desktop/pkg-lib/package.json b/desktop/pkg-lib/package.json
index 90195cb38..8c7a360b6 100644
--- a/desktop/pkg-lib/package.json
+++ b/desktop/pkg-lib/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-pkg-lib",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Library for building and publishing Flipper plugins",
   "repository": "facebook/flipper",
   "main": "lib/index.js",
@@ -9,7 +9,7 @@
   "license": "MIT",
   "bugs": "https://github.com/facebook/flipper/issues",
   "dependencies": {
-    "flipper-babel-transformer": "0.47.0",
+    "flipper-babel-transformer": "0.48.0",
     "fs-extra": "^8.1.0",
     "metro": "^0.59.0",
     "metro-minify-terser": "^0.59.0"
@@ -18,7 +18,7 @@
     "@types/fs-extra": "^8.1.0",
     "@types/jest": "^26",
     "@types/node": "^13.7.5",
-    "flipper-test-utils": "0.47.0",
+    "flipper-test-utils": "0.48.0",
     "globby": "^10",
     "mock-fs": "^4.12.0",
     "jest": "^26",
diff --git a/desktop/pkg/package.json b/desktop/pkg/package.json
index bf3d459dc..a2642437d 100644
--- a/desktop/pkg/package.json
+++ b/desktop/pkg/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-pkg",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Utility for building and publishing Flipper plugins",
   "repository": "facebook/flipper",
   "main": "lib/index.js",
@@ -20,8 +20,8 @@
     "ajv": "^6.12.2",
     "ajv-errors": "^1.0.1",
     "cli-ux": "^5.4.6",
-    "flipper-pkg-lib": "0.47.0",
-    "flipper-plugin-lib": "0.47.0",
+    "flipper-pkg-lib": "0.48.0",
+    "flipper-plugin-lib": "0.48.0",
     "fs-extra": "^8.1.0",
     "inquirer": "^7.1.0",
     "lodash": "^4.17.15",
@@ -33,7 +33,7 @@
     "@types/inquirer": "^6.5.0",
     "@types/jest": "^26",
     "@types/node": "^13.7.5",
-    "flipper-test-utils": "0.47.0",
+    "flipper-test-utils": "0.48.0",
     "globby": "^10",
     "jest": "^26",
     "prettier": "^2.0.0",
diff --git a/desktop/plugin-lib/package.json b/desktop/plugin-lib/package.json
index 45e951c1b..526be0213 100644
--- a/desktop/plugin-lib/package.json
+++ b/desktop/plugin-lib/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-plugin-lib",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Library containing common Flipper plugin installation utilities",
   "repository": "facebook/flipper",
   "main": "lib/index.js",
@@ -21,7 +21,7 @@
     "@types/fs-extra": "^8.1.0",
     "@types/jest": "^26",
     "@types/node": "^13.7.5",
-    "flipper-test-utils": "0.47.0",
+    "flipper-test-utils": "0.48.0",
     "globby": "^10",
     "jest": "^26",
     "mock-fs": "^4.12.0",
diff --git a/desktop/plugins/cpu/package.json b/desktop/plugins/cpu/package.json
index 564985ebc..8b451568d 100644
--- a/desktop/plugins/cpu/package.json
+++ b/desktop/plugins/cpu/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-device-cpu",
   "id": "DeviceCPU",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/crash_reporter/package.json b/desktop/plugins/crash_reporter/package.json
index 7abcac17b..1d41a809f 100644
--- a/desktop/plugins/crash_reporter/package.json
+++ b/desktop/plugins/crash_reporter/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-crash-reporter",
   "id": "CrashReporter",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "A plugin which will display a crash",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.js",
diff --git a/desktop/plugins/databases/package.json b/desktop/plugins/databases/package.json
index 9cc04d733..aedfeb4c4 100644
--- a/desktop/plugins/databases/package.json
+++ b/desktop/plugins/databases/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-databases",
   "id": "Databases",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "title": "Databases",
   "icon": "internet",
   "main": "dist/bundle.js",
diff --git a/desktop/plugins/example/package.json b/desktop/plugins/example/package.json
index aebfe0396..8204816da 100644
--- a/desktop/plugins/example/package.json
+++ b/desktop/plugins/example/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-example",
   "id": "flipper-plugin-example",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "An example for a Flipper plugin",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
@@ -22,10 +22,10 @@
     "prepack": "flipper-pkg lint && flipper-pkg bundle --production"
   },
   "peerDependencies": {
-    "flipper": "0.47.0"
+    "flipper": "0.48.0"
   },
   "devDependencies": {
-    "flipper": "0.47.0",
-    "flipper-pkg": "0.47.0"
+    "flipper": "0.48.0",
+    "flipper-pkg": "0.48.0"
   }
 }
diff --git a/desktop/plugins/fresco/package.json b/desktop/plugins/fresco/package.json
index b53e85f76..c1ae1eac4 100644
--- a/desktop/plugins/fresco/package.json
+++ b/desktop/plugins/fresco/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-fresco",
   "id": "Fresco",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/hermesdebuggerrn/package.json b/desktop/plugins/hermesdebuggerrn/package.json
index cd09895cb..10b56fef0 100644
--- a/desktop/plugins/hermesdebuggerrn/package.json
+++ b/desktop/plugins/hermesdebuggerrn/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-hermesdebuggerrn",
   "id": "flipper-plugin-hermesdebuggerrn",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/kaios-allocations/package.json b/desktop/plugins/kaios-allocations/package.json
index 2c009b36d..4f1052ac2 100644
--- a/desktop/plugins/kaios-allocations/package.json
+++ b/desktop/plugins/kaios-allocations/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-kaios-big-allocations",
   "id": "flipper-plugin-kaios-big-allocations",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/kaios-ram/package.json b/desktop/plugins/kaios-ram/package.json
index 2d92c9e8d..5cd99e402 100644
--- a/desktop/plugins/kaios-ram/package.json
+++ b/desktop/plugins/kaios-ram/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-kaios-graphs",
   "id": "kaios-graphs",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/layout/package.json b/desktop/plugins/layout/package.json
index 16c920d96..cd421dc5c 100644
--- a/desktop/plugins/layout/package.json
+++ b/desktop/plugins/layout/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-inspector",
   "id": "Inspector",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/leak_canary/package.json b/desktop/plugins/leak_canary/package.json
index d8571623c..eeb2731ff 100644
--- a/desktop/plugins/leak_canary/package.json
+++ b/desktop/plugins/leak_canary/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-leak-canary",
   "id": "LeakCanary",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/logs/package.json b/desktop/plugins/logs/package.json
index 72eb35f8f..b4fb0980b 100644
--- a/desktop/plugins/logs/package.json
+++ b/desktop/plugins/logs/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-device-logs",
   "id": "DeviceLogs",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/navigation/package.json b/desktop/plugins/navigation/package.json
index a79813eb0..218a99f52 100644
--- a/desktop/plugins/navigation/package.json
+++ b/desktop/plugins/navigation/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-navigation",
   "id": "flipper-plugin-navigation",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/network/package.json b/desktop/plugins/network/package.json
index db8f531c7..6cfadd6fd 100644
--- a/desktop/plugins/network/package.json
+++ b/desktop/plugins/network/package.json
@@ -7,7 +7,7 @@
   "title": "Network",
   "description": "Use the Network inspector to inspect outgoing network traffic in your apps.",
   "icon": "internet",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "license": "MIT",
   "keywords": [
     "flipper-plugin"
diff --git a/desktop/plugins/reactdevtools/package.json b/desktop/plugins/reactdevtools/package.json
index 0d115e3b2..e52f30d47 100644
--- a/desktop/plugins/reactdevtools/package.json
+++ b/desktop/plugins/reactdevtools/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-react-devtools",
   "id": "flipper-plugin-react-devtools",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/rn-tic-tac-toe/package.json b/desktop/plugins/rn-tic-tac-toe/package.json
index ea7a236d8..74e914499 100644
--- a/desktop/plugins/rn-tic-tac-toe/package.json
+++ b/desktop/plugins/rn-tic-tac-toe/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-react-native-tic-tac-toe",
   "id": "ReactNativeTicTacToe",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/sandbox/package.json b/desktop/plugins/sandbox/package.json
index a31af0d07..3d1a72ef1 100644
--- a/desktop/plugins/sandbox/package.json
+++ b/desktop/plugins/sandbox/package.json
@@ -3,7 +3,7 @@
   "name": "flipper-plugin-sandbox",
   "id": "Sandbox",
   "title": "Sandbox",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.tsx",
   "license": "MIT",
diff --git a/desktop/plugins/seamammals/package.json b/desktop/plugins/seamammals/package.json
index ff5df1810..4298e5a05 100644
--- a/desktop/plugins/seamammals/package.json
+++ b/desktop/plugins/seamammals/package.json
@@ -3,7 +3,7 @@
   "name": "flipper-plugin-sea-mammals",
   "id": "sea-mammals",
   "private": true,
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "src/index.tsx",
   "license": "MIT",
@@ -23,10 +23,10 @@
     "prepack": "flipper-pkg lint && flipper-pkg bundle --production"
   },
   "peerDependencies": {
-    "flipper": "0.47.0"
+    "flipper": "0.48.0"
   },
   "devDependencies": {
-    "flipper": "0.47.0",
-    "flipper-pkg": "0.47.0"
+    "flipper": "0.48.0",
+    "flipper-pkg": "0.48.0"
   }
 }
diff --git a/desktop/plugins/sections/package.json b/desktop/plugins/sections/package.json
index 89321d184..002c52a14 100644
--- a/desktop/plugins/sections/package.json
+++ b/desktop/plugins/sections/package.json
@@ -7,7 +7,7 @@
     "email": "oncall+ios_componentkit@xmail.facebook.com",
     "url": "https://fb.workplace.com/groups/componentkit/"
   },
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.js",
   "license": "MIT",
diff --git a/desktop/plugins/shared_preferences/package.json b/desktop/plugins/shared_preferences/package.json
index 3019313e0..8ebf1335d 100644
--- a/desktop/plugins/shared_preferences/package.json
+++ b/desktop/plugins/shared_preferences/package.json
@@ -2,7 +2,7 @@
   "$schema": "https://fbflipper.com/schemas/plugin-package/v2.json",
   "name": "flipper-plugin-preferences",
   "id": "Preferences",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "dist/bundle.js",
   "flipperBundlerEntry": "index.js",
   "license": "MIT",
diff --git a/desktop/static/CHANGELOG.md b/desktop/static/CHANGELOG.md
index 20b56a9cd..fabd97460 100644
--- a/desktop/static/CHANGELOG.md
+++ b/desktop/static/CHANGELOG.md
@@ -1,3 +1,12 @@
+# 0.48.0 (24/6/2020)
+
+ * D22151908 - Fix Network Mock Dialog crashes when 'Add Route' button is pressed  https://github.com/facebook/flipper/issues/1280
+ * D22158791 - Added "--production" option for "flipper-pkg bundle" command to produce minified plugin packages without source maps.
+ * D22158898 - Disabled source maps in Flipper release builds thus reducing size by ~20%.
+ * D22160443 - Upgrade Flow to 0.127.
+ * D22160304 - Fix react-native-flipper dependency pulling in debug-only artifacts into release builds.
+
+
 # 0.47.0 (17/6/2020)
 
  * D21979475 -  Fix scrolling to inspected element in Layout plugin
diff --git a/desktop/static/package.json b/desktop/static/package.json
index 04ad577f9..c4ce65cc5 100644
--- a/desktop/static/package.json
+++ b/desktop/static/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-static",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "main": "index.js",
   "private": true,
   "license": "MIT",
@@ -9,8 +9,8 @@
     "expand-tilde": "^2.0.2",
     "fb-watchman": "^2.0.0",
     "fix-path": "^3.0.0",
-    "flipper-pkg-lib": "0.47.0",
-    "flipper-plugin-lib": "0.47.0",
+    "flipper-pkg-lib": "0.48.0",
+    "flipper-plugin-lib": "0.48.0",
     "fs-extra": "^8.1.0",
     "ignore": "^5.1.4",
     "mac-ca": "^1.0.4",
diff --git a/desktop/test-utils/package.json b/desktop/test-utils/package.json
index 215340d00..9d052aaa6 100644
--- a/desktop/test-utils/package.json
+++ b/desktop/test-utils/package.json
@@ -1,6 +1,6 @@
 {
   "name": "flipper-test-utils",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Library containing common Flipper test utilities",
   "repository": "facebook/flipper",
   "main": "lib/index.js",
diff --git a/docs/getting-started/android-native.mdx b/docs/getting-started/android-native.mdx
index 296bddef5..2ffe31650 100644
--- a/docs/getting-started/android-native.mdx
+++ b/docs/getting-started/android-native.mdx
@@ -24,10 +24,10 @@ repositories {
 }
 
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper:0.47.0'
+  debugImplementation 'com.facebook.flipper:flipper:0.48.0'
   debugImplementation 'com.facebook.soloader:soloader:0.9.0'
 
-  releaseImplementation 'com.facebook.flipper:flipper-noop:0.47.0'
+  releaseImplementation 'com.facebook.flipper:flipper-noop:0.48.0'
 }
 ```
 
diff --git a/docs/getting-started/ios-native.mdx b/docs/getting-started/ios-native.mdx
index bcdf89e95..ccaf8ed53 100644
--- a/docs/getting-started/ios-native.mdx
+++ b/docs/getting-started/ios-native.mdx
@@ -12,7 +12,7 @@ The following configuration assumed CocoaPods 1.9+.
 
 ```ruby
 project 'MyApp.xcodeproj'
-flipperkit_version = '0.47.0'
+flipperkit_version = '0.48.0'
 
 target 'MyApp' do
   platform :ios, '9.0'
diff --git a/docs/getting-started/react-native-ios.mdx b/docs/getting-started/react-native-ios.mdx
index 80dd10611..a850a74a4 100644
--- a/docs/getting-started/react-native-ios.mdx
+++ b/docs/getting-started/react-native-ios.mdx
@@ -16,7 +16,7 @@ Add this code to your `ios/Podfile`:
 platform :ios, '9.0'
 
 def flipper_pods()
-  flipperkit_version = '0.47.0'
+  flipperkit_version = '0.48.0'
   pod 'FlipperKit', '~>' + flipperkit_version, :configuration => 'Debug'
   pod 'FlipperKit/FlipperKitLayoutPlugin', '~>' + flipperkit_version, :configuration => 'Debug'
   pod 'FlipperKit/SKIOSNetworkPlugin', '~>' + flipperkit_version, :configuration => 'Debug'
diff --git a/docs/setup/layout-plugin.mdx b/docs/setup/layout-plugin.mdx
index a15d68385..5206f7b36 100644
--- a/docs/setup/layout-plugin.mdx
+++ b/docs/setup/layout-plugin.mdx
@@ -28,7 +28,7 @@ gradle configuration:
 
 ```groovy
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper-litho-plugin:0.47.0'
+  debugImplementation 'com.facebook.flipper:flipper-litho-plugin:0.48.0'
   debugImplementation 'com.facebook.litho:litho-annotations:0.19.0'
   // ...
 }
diff --git a/docs/setup/leak-canary-plugin.mdx b/docs/setup/leak-canary-plugin.mdx
index a7ea23ca3..634ebecff 100644
--- a/docs/setup/leak-canary-plugin.mdx
+++ b/docs/setup/leak-canary-plugin.mdx
@@ -9,7 +9,7 @@ Ensure that you already have an explicit dependency in your application's
 
 ```groovy
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper-leakcanary-plugin:0.47.0'
+  debugImplementation 'com.facebook.flipper:flipper-leakcanary-plugin:0.48.0'
   debugImplementation 'com.squareup.leakcanary:leakcanary-android:1.6.1'
   releaseImplementation 'com.squareup.leakcanary:leakcanary-android-no-op:1.6.1'
 }
diff --git a/docs/setup/network-plugin.mdx b/docs/setup/network-plugin.mdx
index 3177de15d..ae2f7d2a0 100644
--- a/docs/setup/network-plugin.mdx
+++ b/docs/setup/network-plugin.mdx
@@ -12,7 +12,7 @@ The network plugin is shipped as a separate Maven artifact:
 
 ```groovy
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper-network-plugin:0.47.0'
+  debugImplementation 'com.facebook.flipper:flipper-network-plugin:0.48.0'
 }
 ```
 
diff --git a/gradle.properties b/gradle.properties
index d8349250c..a12b29637 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -4,7 +4,7 @@
 # LICENSE file in the root directory of this source tree.
 
 # POM publishing constants
-VERSION_NAME=0.47.1-SNAPSHOT
+VERSION_NAME=0.48.0
 GROUP=com.facebook.flipper
 POM_URL=https://github.com/facebook/flipper
 POM_SCM_URL=https://github.com/facebook/flipper.git
diff --git a/iOS/Tutorial/Podfile b/iOS/Tutorial/Podfile
index b3e3ca61e..2a4a4a393 100644
--- a/iOS/Tutorial/Podfile
+++ b/iOS/Tutorial/Podfile
@@ -1,6 +1,6 @@
 project 'Tutorial.xcodeproj'
 swift_version = "4.1"
-flipperkit_version = '0.47.0'
+flipperkit_version = '0.48.0'
 use_frameworks!
 
 target 'Tutorial' do
diff --git a/react-native/react-native-flipper/package.json b/react-native/react-native-flipper/package.json
index 2113db2b9..12b542aa1 100644
--- a/react-native/react-native-flipper/package.json
+++ b/react-native/react-native-flipper/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-native-flipper",
   "title": "React Native Flipper Bindings",
-  "version": "0.47.0",
+  "version": "0.48.0",
   "description": "Flipper bindings for React Native",
   "main": "index.js",
   "types": "index.d.ts",