Apple today revealed its results for the third fiscal quarter of 2016, and they make for surprisingly pleasant reading for investors. The company reported revenue of $42.2 billion and quarterly net income of $7.8 billion after App Store sales hit an all-time record.
Apple is set to reveal its quarterly earnings this afternoon for the third fiscal quarter of 2016 and if the analysts are right, it could be even worse than Apple’s last disastrous quarter.
Investors were advised by Apple during the last earnings call that revenue will likely be down from what it was in the same quarter last year. Apple is hoping it can get a boost from the iPhone SE and the App Store to stay within expectations, however troubles in China and low iPhone demand could hurt the company more than expected.
Here’s what to watch for when Tim Cook and Luca Maestri talk to investors later this afternoon:
Android might have more apps and a lot more users than iOS these days, but it’s still trailing far behind when it comes to making money for developers. Last quarter, the App Store made twice as much money than Google Play for app makers.
The next time you make a purchase at your local Apple Store, expect to be asked if you want to buy your items with Apple Pay.
Apple is launching a new promotion for its contactless payment system this week that will emphasize paying with your iPhone or Apple Watch rather than busting out a credit card. And those that haven’t signed up for Apple Pay yet will get some free money.
Less than two weeks after making its debut, Pokémon Go is already the most popular mobile game in U.S. history, earning developer Niantic millions of dollars every day. Apple takes a 30 percent cut of that, but is it doing enough to make gaming great on its own platforms?
It’s hard to argue gaming could be better on iPhone and iPad — though we could use better gaming accessories — but platforms like tvOS and macOS seem somewhat neglected. With Mac sales finally falling, should Apple do more to appeal to gamers?
Join us in this week’s Friday Night Fight as we throw virtual hands over gaming on Apple devices.