Apple stock soars to a new high after company announces record holiday App Store sales
The tech giant's stock soared as much as 2.4% on Wednesday after the company announced the record holiday sales figure. App Store developers have now taken in more than $155 billion since the platform launched in 2008, Apple said. A quarter of those earnings came from the past year, the company added.
The holiday-week sales represented a 16% increase over last year's figure, according to the statement. App Store revenue totaled $386 million on New Year's Day alone, a 20% jump from the year-ago figure and a record for single-day sales. The past year was the biggest yet for the company's increasingly important services sector, Eddy Cue, Apple's senior vice president of internet software and services, said in the announcement.
"We begin the new decade with incredible momentum and gratitude to our customers who have shown such enthusiasm for all of our Services, and we continue to celebrate the work of the world's best creators, storytellers, journalists and developers," Cue said. The Cupertino, California-based company helped push major stock indexes higher throughout 2019, surging 86% over the 12-month period on strong iPhone 11 demand and rapid growth in its wearables business. The annual gain was Apple's best since 2009.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Apple's App Store had gross sales around $50 billion last year, but growth is slowingApple disclosed that it paid App Store developers $35 billion last year, and offered other factoids related to its services business, but did not include any viewership statistics for Apple TV+, the streaming service launched earlier this fall, nor any subscriber statistics for Apple Arcade, its game subscription.
Consulte Mais informação »
New Dating App Puts Connections Over AppearancesNew dating app S’More blurs out your potential match's face until you talk to them.
Consulte Mais informação »
Channing Tatum's Dating App Profile Has Been Found, Prepare Your Life Accordingly*breaks up with boyfriend*
Consulte Mais informação »
Apple returns to CES to talk privacy, not productsApple is participating in CES, the world's largest technology conference, for the first time in 28 years to talk about privacy
Consulte Mais informação »