Money

Report: U.S. iPhone users spent an average of $40 on apps last year

iPhone owners in the United States spent an average of $40 on apps last year, reports analytics firm Sensor Tower. That number includes both premium and in-app purchases, and it represents a $5 increase from 2015.

Unsurprisingly, most of that money is going to games. Sensor Tower says more than 80% of US App Store revenue in 2016 came from games, and it shows on the device level—users spent an average of $27 on games.

Distil Union’s Wally Ether wallet case provides credit card storage on a budget

With leather wallet iPhone cases being a hot commodity, we’ve recently shown you several from brand names. Another little-known contender in the market is Distil Union, a company that integrates their unique quick-release technology into the card slot of their cases.

In this review, we’ll be showing you the Distil Union Wally Ether for the iPhone 7 Plus. It’s a wallet case alternative with stitched leather flavor that has been designed for minimalists who need to carry a card or two on them anywhere they go.

Apple’s stock surges to its highest price ever amid growing optimism over iPhone 8

Apple is breaking records—the company’s stock price has surged to an all-time intraday high, trading as high as $134.88 today and having surpassed the previous all-time intraday high of $134.54 set on April 28, 2015. The current stock price gives the Cupertino company a market capitalization of nearly $710 billion, the largest market valuation for a publicly traded American company.

According to MarketWatch, just yesterday the stock had closed at a record $133.00, passing the previous record set two years earlier.

15 interesting points from Apple’s Q1 2017 earnings call

Apple announced the financial results for its fiscal first quarter of 2017 this afternoon, and the numbers for the holiday period are pretty good. The company beat Wall Street estimates by putting up a record 78.3 million iPhone sales and more than $78 billion in revenue.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about their company’s performance over the last 3 months, and offer up some insights into its future. Here are some of the most interesting points from the call.