App Store revenues may become bigger than the entire worldwide movie-making business sometime this year, with both industries likely to hit the $40 billion mark in the near future.
A lot has been said about Apple's various services like the iTunes and App Stores, Apple Pay, Apple Music, Apple Care and others now making more money than its Mac business. In the June quarter, for example, the Services category shot up 20 percent year-over-year, raking in nearly $6 billion in quarterly revenue and making Services the second largest part of Apple's revenue overall.
Services allow Apple to generate a steady stream of revenue from existing devices, leading Asymco analyst Horace Dediu to estimate in an interview with The Financial Times that, including hardware and software, existing Apple customers currently spend around $1 per day.
Apple's iTunes is one of those happy ironies. Begun as a way to boost sales of Macs and other hardware and content with breaking even, the service now rakes in $20 billion per year selling digital warez such as video, books, apps and music - a whole lot of music. In fact, Apple now sells 75 percent of all digital music, according to a new analysis.
In a series of peeks into how iTunes earns all that revenue, independent analyst Horace Dediu paints a picture where more than a half-billion users are pointing to a future where apps surpass digital music sales...
Much talk surrounding Apple has centered on a cooling consumer demand for its flagship product, the iPhone smartphone. However, it may be time to shift the narrative to feet-dragging by a number of global operators that could hold the key to as many as 2.8 billion iPhone customers, according to a Monday report.
Instead of a slowdown in demand, a Monday report by Bloomberg suggests the larger problem is vastly limited access to customers. Two numbers go far to tell the story: 240 and 800. While Apple has 240 carrier agreements throughout the world, rival Samsung has inked deals with virtually every of the 800 wireless providers. Indeed, Apple is lacking agreements to boost sales of the iPhone in some of the most-populated regions, including China, Japan, India and Russia...