Following Hulu, Directv NOW and other streaming services, YouTube TV announced today that it will be increasing its price to $50 per month, and $55 per month for customers billed through Apple. That's a significant hike, considering the original YouTube TV plan cost just $35 per month.
Whether you’re taking a trip abroad or need to know the exchange rate for business, a currency converter for your iOS device can come in super handy.
To help you out on your search, we’ve scoured the App Store for the best currency converter apps for iPhone and iPad that don’t cost a dime, peso, or euro.
Apple's boss Tim Cook has admitted in yesterday's conference call following the latest quarterly earnings report that—aside from China—other factors such as higher prices, death of subsidies in many countries and customers holding on to their handset a bit longer than usual have all contributed to a decline in iPhone upgrades.
Jason Snell has transcribed Apple’s earnings call on Six Colors, here's what Cook said when an analyst pressed him on Apple's pricing strategy (emphasis mine):
Steve Milunovich, Wolfe Research: Some have the perception that you priced the new products, the new iPhones, too high. What have you learned about price elasticity and do you feel that perhaps you pushed the envelope a little bit too far and might have to bring that down in the future?
Tim Cook: Steve, it’s Tim. If you look at what we did this past year, we priced iPhone XS in the US the same as we’d priced iPhone X a year ago. iPhone XS Max, which was new, was a hundred dollars more than the XS, and then we priced the XR right in the middle of where the entry iPhone 8 and entry iPhone 8 Plus had been priced. So it’s actually a pretty small difference in the United States compared to last year.
However, the foreign exchange issue that Luca spoke of in the call amplified that difference in international markets, in particular the emerging markets, which tended to move much more significantly versus the dollar.
And so what we have done in January in some locations and some products is essentially absorb part or all of the foreign currency move as compared to last year and therefore get close or perhaps right on the local price from a year ago.
So yes, I do think the price is a factor.
I remember Apple executives arguing in the past that iPhones weren't just for the rich people. But I digress, here's what Cook had to say about the death of the smartphone subsidy.
Secondly, in some markets, as I had talked about in my prepared remarks, the subsidy is probably the bigger of the issues in the developed markets.
I had mentioned Japan, but also even in this country, even though the subsidy has gone away for a period of time, if you’re a customer that your last purchase was a 6S or a 6 or in some cases even a 7, you may have paid 199 dollars for it. And now, in the unbundled world it’s obviously much more than that.
Cook says they have a number of actions to address the decline in iPhone upgrade rates, including the aggressive trade-in offers and and installment payments.The Apple story is shifting from iPhone units to ecosystems and services.
The CEO concluded:
So where it goes in the future, I don't know. But I am convinced that making a great product that is high quality, that is the best thing for the customer. We work for the user and so that's the way that we look at it.
In the press release announcing quarterly earnings, Cook praised other aspects of Apple's business that have experienced healthy growth.
While it was disappointing to miss our revenue guidance, we manage Apple for the long term, and this quarter’s results demonstrate that the underlying strength of our business runs deep and wide.
Our active installed base of devices reached an all-time high of 1.4 billion in the first quarter, growing in each of our geographic segments. That’s a great testament to the satisfaction and loyalty of our customers, and it’s driving our Services business to new records thanks to our large and fast-growing ecosystem.
Apple no longer reports units sales for iPhone and other products, robbing investors of the most important metric as the company transitions its story from one heavily dependent on iPhone to a combined products + services business.
During the holiday quarter, the Cupertino company pulled in $84.3 billion in revenue, a decline of 5% from the year-ago quarter. Strategy Analytics estimates that 65.9 million iPhones were shipped during the quarter, or 11.4 million fewer handsets versus the year-ago quarter.
Apple on Tuesday disclosed its [fiscal] Q1 2019 earnings report, offering a look at its performance over the past 3 months. During the holiday period, the company says it pulled in $84.3B in revenue, a decline of 5% from the year-ago quarter.
Apple today filed the definitive proxy statement concerning its fiscal 2018. Aside from revealing executive salaries, compensations and bonuses, the SEC filing includes a bunch of tidbits such as the company's milestones, growth figures, the cost of flying private and more.
Despite its revenue miss and revised guidance, Apple has topped financial targets for fiscal 2018 so the company's board has decided to give CEO Tim cook a 22% increase in pay.
After slashing Apple's revenue guidance for the important holiday quarter by a whopping $7 billion amid a slowdown in China and iPhone sales deceleration, Tim Cook will hold an all-hands meeting with workers today to assuage any concerns they may have about the situation.
Following Tim Cook's unexpectedly long and detailed open letter to investors in which he revised Apple's projected earnings for the lucrative holiday quarter, the company said today it will be holding a conferences call with Wall Street investors and analysts to discuss the latest quarterly earnings on Tuesday, January 29, at 2:00pm PT / 5:00pm ET.
Apple on Wednesday issued a revision for its fiscal Q1 2019 earnings, lowering its revenue expectations from $89 billion to $93 billion, down to 'approximately $84 billion." Tim Cook made the announcement in an open letter to investors, and trading halted on the news.
Apple lost a whopping nine billion bucks in 2018 by overpaying for its own shares.
Apple this afternoon disclosed its [fiscal] Q4 earnings report, offering a look at its performance over the past 3 months. During the period, the company sold nearly 47 million iPhones and earned just under $63 billion in revenue. Here's a full breakdown of the numbers.
Tim Cook's about to collect a huge financial reward. On Friday, Aug. 24, the Apple CEO will receive additional shares in Apple worth around $120 million. The award is tied to Cook's continued service at the world's largest publicly traded company and Apple's relative performance on the stock market during his tenure as CEO, according to Bloomberg.