apple
Epic Games-Apple trial set to begin, App Store profits in focus
According to The Verge, expert Ned Barnes testified that "information from Apple's Corporate Financial Planning and Analysis group show the App Store had a 77.8 per cent operating margin in 2019, and 74.9 per cent in 2018". Apple has contested that interpretation of the data, saying "we don't have a separate profit and loss statement for the App Store".
New Apple TV 4K, iPad Pro to launch on May 21
Known tipster Jon Prosser updated in a tweet that Apple will also launch the new Apple TV on May 21 along with iPad Pro. The launch date arrives as information from UK retailer John Lewis revealed availability for the new iMac and iPad Pro on May 21, which is when the new Apple 4K TV will also be launched by the Cupertino-based giant.
Apple wearables see 24.7% increase in sales
The company reported $7.8 billion in revenue for this category, up from $6.2 billion in the year-ago quarter. The category comprises AirPods and Apple Watch, as well as HomePod mini and other accessory devices.
iPhone 12 drives Apple smartphone sales to new levels
The iPhone performance was consistently strong across the world as Apple grew strong double digits in each geographic segment and set March quarter records in most markets. "The iPhone 12 is the most popular. But we did see very strong sales of the Pro portion of the family as well, the Pro Plus the Pro Max," Apple CEO Tim Cook said during the earnings call on Wednesday.
Apple now has 660M paid users across its Services
This is up 145 million from just a year ago and twice the number of paid subscriptions Apple are only 2.5 years ago. The company posted all-time records for the App Store, cloud services, music, video, advertising and payment services. Apple's installed base growth has accelerated and reach an all-time high across each major product category.
'Very, very pleased' with India growth story: Apple
According to the latest report by market intelligence firm CMR, Apple shipped over a million iPhones in the country in the first quarter of 2021, growing close to an impressive 90 per cent (on-year) during the three-month period.
Apple posts record $89.6B revenue, iPhones sales grow over 65%
"This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers, seem to feel about better days ahead for all of us," Apple CEO Tim Cook said in a statement late on Wednesday.
Apple to cut AirPods production due to decreasing sales: Report
The tech giant, which had initially planned to aim for 110 million units, now plans to produce only 75 to 85 million units of AirPods for the remainder of this year, MacRumors, citing Nikkei Asia, reported on Tuesday. "The most significant order reduction is for the second quarter toward the start of the third quarter," one of the people familiar with the matter was quoted as saying.
Apple's next-gen Mac chip 'M2' enters mass production: Report
Apple's custom next-generation Mac processor has entered the mass production stage this month, media reports said. Tentatively dubbed the "M2" after Apple's M1 chip, the processors take at least three months to produce, according to sources.
Apple CEO pledges support to India amid Covid crisis
"Amid a devastating rise of Covid cases in India, our thoughts are with the medical workers, our Apple family and everyone there who is fighting through this awful stage of the pandemic. Apple will be donating to support and relief efforts on the ground," Cook said in a tweet. This comes soon after Google and Alphabet CEO Sundar Pichai and Microsoft CEO Satya Nadella announced to help Covid-ravaged India.
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