In the wake of a historic stock price drop, Apple surprised investors with some good news on Thursday.
Customers helped Apple set an App Store sales record during the 2018 holiday season. This news comes just one day after the company lowered revenue expectations for its holiday quarter, resulting in a loss of $57 billionin market value.
According to Apple, App Store customers spent more than $1.22 billion on app and game downloads and subscription purchases between Christmas Eve and New Year’s Eve.
This is the most money ever spent in the App Store in a single week. In addition to the $1.22 billion record, Apple customers set a new single-day record. iPhone and iPad users spent more than $322 million on New Year’s Day.
Gaming and self-care categories took the lead in app downloads and subscriptions during the holiday week. Fortnite and PUBG were the most downloaded games over the seven-day span.
This new App Store record brought the company’s services revenue to an all-time record during the holiday season This includes services such as the App Store, iCloud, Apple Music, and Apple Pay.
The App Store’s holiday milestone provides Apple with a much needed positive story just one day after the company’s worst day in years.
On Wednesday, Apple halted stock tradingwhile CEO Tim Cook addressed investors with a letter lowering the iPhone maker’s quarterly revenue projections by $9 billion.
Cook pointed to lackluster iPhone salesand the U.S.-China trade war as reasons for the company’s lowered revenue expectations. Apple stock tanked after, with the company’s falling to fourth most valuable market share behind “most valuable” position other tech giants like Microsoft, Amazon, and Google.
However, this App Store news could also strengthen Apple’s defense to criticism when the company made the decision to no longer disclosethe number of units sold for its products like the iPhone. Apple claims that total sales numbers of its hardware no longer reflect how the company is doing. The Cupertino-based company argued that because there are already so many existing iPhone users, the sales numbers for its services, such as app downloads, are a much more accurate indicator.
With lower than expected iPhone sales cited as a reason for Apple’s fall from grace on Wednesday, the App Store’s record-breaking holiday performance may just put Apple’s argument to the test.
TopicsAppleiPhone
(责任编辑：百科)
Old lady swatting at a cat ends up in Photoshop battle
What is HYBE IM? An interview with CEO Wooyong Chung
Google launches passkey support for Google Accounts
How to do mantra meditation, and why TikTok is getting it wrong
This chart shows just how high Simone Biles can jumpOne of the most controversial power struggles in media comes to a close
One of the world's biggest media companies has been embroiled in a complex personal and professional
...[详细]'Quordle' today: See each 'Quordle' answer and hints for March 25
If Quordleis a little too challenging today, you've come to the right place for hints. There aren't
...[详细]Japan's ispace says its moon lander ran out of fuel
A Japanese company's spacecraft ran out of fuel as it attempted a soft landing on the moon Tuesday,
...[详细]Webb telescope reveals more galaxies in a snapshot than Hubble's deepest survey
A project to map the earliest structures of the universe has found 15,000 more galaxies in its first
...[详细]Nancy Pelosi warns colleagues after info hacked
House Minority Leader Nancy Pelosi warned fellow Democrats on Saturday to change their cellphone num
...[详细]Twitter verified a fake Disney Jr. account created by a troll
Twitter users have been taken for quite the ride over the past few days when it comes to the site's
...[详细]Webb telescope reveals more galaxies in a snapshot than Hubble's deepest survey
A project to map the earliest structures of the universe has found 15,000 more galaxies in its first
...[详细]Google launches passkey support for Google Accounts
Google doesn't want you to use passwords anymore. On Wednesday, coinciding with World Password Day,
...[详细]Snapchat is about to explode in popularity, report says
Snapchat is about to have a couple of really good years. 。The company will see huge gains in the numb
...[详细]Everything to know from 'Barbie' character posters
Character posters for Greta Gerwig's Barbiehave dropped, giving us our first glance at the film's ch
...[详细]J.K. Rowling makes 'Harry Potter' joke about Olympics event
James Webb telescope captures rare sputtering star on the brink of death
