After the world stayed on royal baby watch anticipating the gender of the new heir it has finally been revealed that Kate Middleton gave birth to a baby boy.

The new heir was born at 8 pounds 6 ounces born at 4:24 p.m. the name of the child has yet to be announced however sources say the name may not be released until the family leaves the hospital, according to CNN.

Stay tuned as we release more details on the bouncing baby boy.

Previously reported"

According to CNN, it was announced at 7:37 a.m. (2:37 a.m. EDT) the Duchess of Cambridge and Prince William, traveled by car from Kensington Palace to the Lindo Wing at St. Mary's Hospital.

Kensington Palace announced that the baby's name will not be announced when its sex and birth weight are posted on a notice board at Buckingham Palace however, it could possibly be released when the family leaves the hospital, CNN royal correspondent Max Foster reported.

With the world waiting for the arrival of the royal baby CNN reported that some British parents have delayed naming their newborns in order to avoid copying the royal name.

British bookmakers have been favoring the names Alexandra, Charlotte, Elizabeth, Victoria, Grace, James and George as ideal baby names. When born the child's title will be His or Her Royal Highness Prince or Princess (the baby's name) of Cambridge, St. James's Palace.

Although the royal baby will obviously be a joy to its new parents, his or her arrival is set to have a positive effect on the British economy.

The UK-based Centre for Retail Research estimated that retailers will sell around $121 million worth of royal-related baby toys and souvenirs.

Royal baby products can ranges from diaper covers and clothing to a "prince potty chair," in the shape of a throne.

It was reported that on Twitter, at least seven topics related to the royal baby were trending on Monday along with "Kate Middleton" being a trending topic in the United States.

Both celebrities and the general public were tweeting their excitement for the arrival of the royal baby. One fan tweeted, "The royal baby is coming! I am freaking out!"

While "Modern Family" actress Sarah Hyland tweeted, " #BABYWATCH UPDATE! Kate Middleton has gone into labor! A royal baby is being born! I repeat! A #ROYALBABY is being born!!"

She went on to tweet, "Hey Kate, itd be great if u could pop out that #royalbaby n the next 7 hrs or so so I could say I was here when the baby was born?Kthanksbye."

What do you think about the arrival of the royal baby? Leave us a comment below.