The App Timeline allows you to view your app updates and also those of your competitors. This feature is highly useful in identifying if your app update cycle is in line with your competitors. Also, you can see what your competitors have changed with every update they release.

You can find the App Timeline in Overview --> App Timeline.

First, choose the Timeline or Calendar View. 

In the Timeline view, you'll get a chart with every selected competitor listed on the y-axis (vertical) and dates listed on the x-axis (horizontal). Every open green or filled blue dot signifies an app update made by that app. 

The filled blue dot means that the Metadata (App Description, App Name, Release Notes, etc.) was updated.

Make sure to first select the date range and the competitors that you'd like to see the App Timeline for. Be sure to select the date range in this view, since it will also apply to the Calendar view.
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Then hover on the blue dots to see what was updated. 

For further details, click on the blue dot. You can filter which of the changes you would like to see, or which country you would like to see the changes.

In the Calendar View, you can see the updates made within each month. Every open green or filled blue dot signifies an app update made by that app. 

The filled blue dot means that Metadata (App Description, App Name, Release Notes, etc.) was updated.

Hover over the blue dots or the app name to see what was changed in that app update. 

For further details, click on the blue dots.
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In both the Timeline and Calendar views, you can filter to see only certain types of updates. Go to the Filter Updates dropdown and select which types of changes you want to see. 

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