Mac sales are down 13% year-on-year, though things may be better than they seem
Comment: Average Selling Price shows Apple’s iPhone X strategy has been a huge success
Apple surprised analysts yesterday by reporting better-than-expected earnings, and record revenue for what is always its slowest quarter. Revenue was up 17% year-on-year, significantly above the Wall Street consensus. There was even better news on profit, up 32% on the previous year.
With such dramatic revenue and profit growth at a time when Mac sales are down, you might expect that meant substantial growth in iPhone sales – but that wasn’t the case. Year-on-year, iPhone sales were up just 1% …
Strava fitness app launches ‘Summit’ flexible paid tiers with training, safety, and analysis packs
Strava, the popular activity app for tracking workouts and competing with other athletes has launched an all new paid tier today. Replacing Stava Premium is “Summit” and it offers the option to buy individual upgrade packs at a lower price or subscribe to a bundle.
Huawei overtakes Apple to become the world’s 2nd largest smartphone vendor, IDC says
Hot on the heels of Apple’s earnings report this afternoon, IDC has released its latest smartphone market data. According to the report, smartphone vendors shipped a total of 342 million units during the June quarter of 2018, which is down 1.8 percent compared to the same quarter last year…
iOS 12: How to search song lyrics in Apple Music on iPhone & iPad
While the Apple Music app itself isn’t getting a huge overhaul in iOS 12 as some might have hoped for, it is getting a nifty feature that will help users find the song they’re looking for.
Tim Cook reveals just how many users are running Apple’s OS betas this year
Last month, Apple began beta testing iOS 12, watchOS 5, tvOS 12, and macOS 10.14 Mojave. During the company’s third-quarter earnings call this afternoon, Tim Cook offered some details on just how many users are participating in the beta testing experience this year…
Tim Cook says he’s hopeful ‘calm heads prevail’ in trade talks as 10% Apple Watch tariff looms
During Apple’s Q3 2018 earnings call this afternoon, Tim Cook reiterated Apple’s position on tariffs and the effects they have on consumers. Cook explained that tariffs can lead to “unintended consequences” for consumers and the economy, while also noting how such tariffs could affect Apple products…
Tim Cook: iPhone X was the most popular iPhone during Q3 as customer satisfaction hits 98%
During Apple’s earnings call this afternoon, Tim Cook provided some color on the sales of each iPhone model during the third quarter of 2018. Cook touted that the iPhone X was the most popular iPhone during the quarter “once again,” with 98 percent customer satisfaction…
Apple Pay coming to Germany this fall, CVS and 7-11 to accept the platform in the US
AAPL gets even closer to $1tn market cap, hits new all-time high in after-hours trading
Apple stock is now within spitting distance of the $1 trillion market cap milestone. Although after-hours trading can be volatile, it is obvious that investors are pleased with Apple’s latest earnings report.
In after-market, the stock hit $197.69 — above its all-time high of $195.96, up 3.6% on today’s close. If the gains hold, Apple will open with a market cap around $990bn tomorrow.