Apple generates USD 64 bn revenue from App Store in 2020
Video Credit: ANI - Duration: 01:10s - Published
Apple generates USD 64 bn revenue from App Store in 2020
American multinational technology company Apple made a total of USD 64 billion in revenue through its App Store in 2020, showing 28 per cent increase from an estimated USD 50 billion that the tech giant generated in 2019.
According to The Verge, this growth in 2020 represents a good amount of growth for the company's App Store because the estimated increase between 2018 and 2019 was only 3.1 per cent.
Though it is difficult to determine the exact reason for this spike in growth, a sharp increase in growth can be attributed to the fact that people did purchase more games online owing to the worldwide lockdown due to the COVID-19 pandemic.
When Apple reports on its revenues, it lumps the money it makes from the App Store along with its services revenue, which turns out to be by far its fastest growing category.
The company takes a 30 per cent cut of most of the money coming into the App Store, which, while there are caveats and exceptions, represents billions of dollars of revenue.
As per The Verge, Apple typically guards its take carefully, despite recent pushback from developers like Hey.com and even legal challenges from Epic.
Every year, Apple reports how much money it has paid out to developers since 2008.
Apple Facing EU , Fine for Hindering , Streaming Music Competition.
On March 4, the European Union filed its first antitrust
penalty aimed at Apple, fining the tech giant almost
$2 billion for unfairly favoring its own music service.
On March 4, the European Union filed its first antitrust
penalty aimed at Apple, fining the tech giant almost
$2 billion for unfairly favoring its own music service.
According to regulators, Apple forbid streaming
music rivals from informing users that cheaper
subscription options available on their websites.
According to regulators, Apple forbid streaming
music rivals from informing users that cheaper
subscription options available on their websites.
Those options would allow users to
avoid a 30% fee charged when people
pay through the iOS App Store app. .
This is illegal. And it has
impacted millions of European
consumers who were not able to
make a free choice as to where,
how and at what price to buy
music streaming subscriptions, Margrethe Vestager, EU Commission's
competition commissioner, via NPR.
Margrethe Vestager, the EU's competition
commissioner, said the practice has resulted in , "millions of people who have paid two, three euros
more per month for their music streaming service
than they would otherwise have had to pay.".
NPR reports that the EU Commission
decision comes the same week as new
rules take effect aimed at preventing tech
companies from cornering digital markets.
Apple said the it would appeal
the commission's decision to
levy a fine against the company. .
The decision was reached despite
the Commission's failure to uncover
any credible evidence of consumer
harm, and ignores the realities
of a market that is thriving,
competitive, and growing fast, Apple statement, via NPR.
Apple added that the EU decision benefits Spotify,
which is based in Sweden and currently holds
a 56% share of Europe's music streaming market.
Apple added that the EU decision benefits Spotify,
which is based in Sweden and currently holds
a 56% share of Europe's music streaming market.
Ironically, in the name of
competition, today's decision
just cements the dominant
position of a successful European
company that is the digital
music market's runaway leader, Apple statement, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
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Samsung Knocks Apple , From Top Phonemaker Spot.
Samsung Knocks Apple , From Top Phonemaker Spot.
Fox News reports that Apple's phone shipments have dropped by about 10%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
Xiaomi came in third with 14.1%.
Samsung shipped over
60 million phones during Q1 2024.
Samsung shipped over
60 million phones during Q1 2024.
Apple only shipped 50.1 million. .
Last year during the same time period,
Apple shipped 55.4 million. .
Overall, smartphone shipments rose 7.8% worldwide to 289.4 million units during Q1 2024.
The increase in Samsung shipments
could be attributed to the company's
release of Galaxy S24 series phones.
During a launch event at the beginning
of the year, Galaxy AI, which is incorporated
into the company's new smartphones,
was touted as "a new era of mobile AI.".
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts. .
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Will Soon Allow iPhones , to Be Repaired With Used Parts.
On April 11, Apple announced that "select"
iPhone models will be eligible for repair with used, genuine parts beginning this fall, The Verge reports. .
Currently, repairing an iPhone with a used or aftermarket piece results in notifications that Apple isn't able to verify the component.
When attempting to repair Face ID and
Touch ID sensors with used or aftermarket parts,
it "might not work at all," The Verge reports. .
But with the changes coming this fall, Apple said, "calibration for genuine Apple parts, new or used, will happen on device after the part is installed.".
This should resolve some of
the aforementioned issues.
The change will also make it so that individuals
and repair shops will no longer need the device's serial number to order "most parts from the
Self Service Repair Store," The Verge reports. .
At launch, the new policy will support
displays, batteries and cameras.
"Future" iPhone releases will support biometric sensors, Apple said. .
With this latest expansion to our repair
program, weโre excited to be adding
even more choice and convenience for
our customers, while helping to extend
the life of our products and their parts. , John Ternus, Appleโs senior vice president
of hardware engineering, via statement.
Apple did not make it clear which iPhone models
will be supported under the new policy this fall
Credit: Wibbitz Top Stories Duration: 01:31Published
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Apple Sends iPhone Users in 92 Countries , a Spyware Attack Warning.
The message was sent on
April 10, Engadget reports. .
Apple detected that you are being targeted
by a mercenary spyware attack that is trying
to remotely compromise the iPhone
associated with your Apple ID -xxx-, Apple's warning, via Engadget.
This attack is likely targeting
you specifically because of
who you are or what you do. , Apple's warning, via Engadget.
Although it's never possible to achieve
absolute certainty when detecting such
attacks, Apple has high confidence in
this warning โ please take it seriously, Apple's warning, via Engadget.
Internal information and investigations are used by the tech giant to pinpoint attacks. .
However, Apple couldn't provide any more information about the mercenary spyware attacks because it might "help attackers avoid future detection," Engadget reports. .
Apple has sent this type of message
to customers in the past.
Since 2021, people in over 150 countries
have gotten similar warnings.
Last October, journalists and politicians located in India were among those
who received such a message
Credit: Wibbitz Top Stories Duration: 01:30Published
Tech company Apple is launching a limited-edition Apple Watch for Black History Month, with unique watch band and a new watchface. According to The Verge, some of the proceeds from the watch will be..
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