Apple Stock News: App Store Presented Record-Breaking Holiday Season

Apple Stock News

App Store presented record-breaking holiday season. New Year’s Day 2018 set record with $300 million in purchases in apps and games. Starting on Christmas Eve, over $890 million were spent during the week on purchases or downloaded apps from App Store.

The tech giant senior vice president of Worldwide Marketing stated that Apple is “thrilled with the reaction to the new App Store and to see to many customers discovering and enjoying new apps and games.”

According to him, iOS developers earned in 2017 $26.5 billion. It is a 30% increase over the previous year. Among the most popular downloads Pokémon GO was leading the list.

IOS developers have earned over $86 billion since the App Store launch in July 2008.

On December 15th, 2016, I Know First issued a bullish long term forecast for Apple. Since then, Apple stock price went up 55.41% in accordance with the I Know First forecast sent to subscribers.

Current I Know First subscribers received this AAPL forecast on December 15th, 2016

For the latest Apple Stock News, AAPL closed at $177.09 per share on January 12th, 2018. It generated profits of 1.01% from its previous close on January 11th, 2018, when it closed at $175.28 per share.

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Apple Stock News: Services Segment Increases Mightily

Apple Stock News

For the latest Apple Stock News, AAPL closed at $157.48 per share on August 11th, 2017. It generated a return of 1.39% from its previous close on August 10th, 2017, when it closed at $155.32 per share.
apple stock news

It is known that Apple’s main source of revenue is the sale of hardware (iPhones, Macs, etc..). However an analysis in the last earning reports revealed that Apple’s service business has increased for 5 years in a row. The service segment accounts for a sixth of Apple’s total revenue. Services are now second only to iPhone sales in with $7.3 billion for Q3 2017. Mac sales come at third place with $5.6 billion for the quarter.

Apple’s CEO Tim Cook said in 2015 that the company expects to double by 2020. That goal appears to be accomplished by early 2019, which comes as great news.

Apple’s main service programs are: iTunes, App Store, Apple Music, Apple Pay and iCloud. Unfortunately, the report would not reveal how much each program brings in nor which specific service is the most profitable. But as Apple investors wait for the company to dream up the next hit gadget, they can rely on a steady stream of business from the company’s services.

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Apple Stock News: UK App Purchasers Face 25% Hike

Apple Stock News

For the latest Apple Stock News, AAPL closed at $119.02 on Monday, January 16, 2017 with a 0.19% loss, or $0.23 from its previous close of $119.25 per share.

Apple Stock News

 

Britain’s decision in June 2016 to exit the E.U., surprised the world.  In a move called, Brexit, the people face a new future for the United Kingdom (UK).  This future will bring changes, and changes will have its effect in the economy.  Leaving the E.U. and its single market would leave the UK facing more restrictions with trading among its biggest trading partner, countries within the E.U.  As a result, the British pound devalued by approx. 18.5%.

Perhaps inevitably, because the currency decreased, Apple increased its price in the App store by approx. 25% for the UK.  As unpopular as this decision may be for Apple users in the UK, Apple needs to do this.   Apple released an e-mail detailing, “when foreign exchange rates or taxation changes, [Apple] sometimes need to update prices on the App Store”.  Investors will be anxious to see how this decision will effect future revenue as a result of the price increase.

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Apple Stock News: $1 Trillion Within Reach?

Apple Stock News

For the latest Apple Stock News, AAPL closed at $119.25 on Thursday, January 12, 2017 with a 0.42% loss, or $0.50 from its previous close of $119.75 per share.  Apple stock declined along with the major indexes, after investors seemed uninspired after President elect Donald Trump’s speech regarding economic growth.

Apple Stock News

After celebrating Apple iPhone’s 10th anniversary, Apple may be within reach of another milestone. Given Apple’s current growth rate and setting a new record in sales for its App stores, Apple may earn a cumulative revenue of $1 trillion dollars from iOS products.  Since Apple released the first iPhone in 2007, Apple also released other iOS products.  Among the most notable products are: iPad, iMac, iWatch, iPod, and Apple Watch.  Along with hardware, the software services include the App stores.

Perhaps this may not be a surprise to investors.  The iPhone is considered among the most recognized products in the world.  Not only did the phone change our way of life, but opened new avenues in software development and sales.  According to Asymco analyst Horace Dediu, he predicted Apple’s cumulative revenue could reach up to $980 billion by mid-2017.  Therefore, if Apple can meet or exceed its upcoming 4th quarter earnings on January 24, 2017, this could convine investors its progress to achieve this milestone.

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