diff --git a/README.md b/README.md
index 95cacb05d6822..388189671a3e7 100644
--- a/README.md
+++ b/README.md
@@ -160,14 +160,7 @@ To get started with developing mypy, see [CONTRIBUTING.md](CONTRIBUTING.md).
 If you need help getting started, don't hesitate to ask on [gitter](https://gitter.im/python/typing).
 
 
-Development status
-------------------
-
-Mypy is beta software, but it has already been used in production
-for several years at Dropbox and in many other organizations, and
-it has an extensive test suite.
-
-mypyc and compiled version of mypy
+Mypyc and compiled version of mypy
 ----------------------------------
 
 [Mypyc](https://github.com/mypyc/mypyc) uses Python type hints to compile Python
diff --git a/docs/source/index.rst b/docs/source/index.rst
index 1f77e951843d6..27b3a078af6c7 100644
--- a/docs/source/index.rst
+++ b/docs/source/index.rst
@@ -39,10 +39,10 @@ understand, debug, and maintain.
 
 .. note::
 
-   Mypy is used in production by many companies and projects, but mypy is
-   officially beta software. There will be occasional changes
+   Although mypy is production ready, there will be occasional changes
    that break backward compatibility. The mypy development team tries to
-   minimize the impact of changes to user code.
+   minimize the impact of changes to user code. In case of a major breaking
+   change, mypy's major version will be bumped.
 
 Contents
 --------
diff --git a/setup.py b/setup.py
index 669e0cc4b6151..a148237f0b95c 100644
--- a/setup.py
+++ b/setup.py
@@ -171,7 +171,7 @@ def run(self):
 
 
 classifiers = [
-    "Development Status :: 4 - Beta",
+    "Development Status :: 5 - Production/Stable",
     "Environment :: Console",
     "Intended Audience :: Developers",
     "License :: OSI Approved :: MIT License",