The App Store had a record-breaking holiday season according to a new press release issued by Apple this afternoon. During the week starting on Christmas Eve, a record number of customers made App Store purchases, spending more than $890 million in that seven-day period.
On New Year’s Day 2018 alone, customers made $300 million in purchases. Apple marketing chief Phil Schiller said the company is „thrilled“ with the reaction to the revamped App Store that was introduced as part of iOS 11.
„We are thrilled with the reaction to the new App Store and to see so many customers discovering and enjoying new apps and games,“ [...]
Apple today reported revenue of $52.6 billion and net quarterly profit of $10.7 billion, or $2.07 per diluted share, in the fourth quarter of its 2017 fiscal year.
Apple’s CEO Tim Cook and CFO Luca Maestri discussed the results on a conference call today. MacRumors has prepared a complete transcript of the call ahead.Tim Cook
Good afternoon and thanks to everyone for joining us. As we close the books on a very successful fiscal 2017, I have to say I couldn’t be more excited about Apple’s future.
This was our biggest year ever in most parts of the world, with all-time record revenue in the United States, Western Europe, [...]
Apple is set to report its earnings results for the second quarter of its 2017 fiscal year at 1:30 p.m. Pacific Time today.
Apple provided the following guidance for its second quarter on January 31:
• revenue between $51.5 billion and $53.5 billion • gross margin between 38 percent and 39 percent • operating expenses between $6.5 billion and $6.6 billion • other income/expense of $400 million • tax rate of 26 percent
That guidance suggests Apple will report its second-best March quarter earnings results in the company’s history:
• Q2 2013: $43.6 billion • Q2 [...]
Apple Watch Series 1 and Series 2 have proven to be a „magnificent success“ for Apple, which recorded its „best quarter ever“ in the wearables market, according to the latest data from research firm IDC.
Fourth quarter shipments reflected in millions (Source: IDC) Apple shipped an estimated 4.6 million Apple Watch units in the fourth quarter of 2016, up from an estimated 4.1 million in the year-ago quarter, according to IDC. Its share of the wearables market, which includes basic fitness trackers, was an estimated 13.6%, down slightly from 14.1% in the year-ago quarter.
Apple closed the gap with wearables market leader Fitbit, which [...]