You might remember that on Monday, AAPL stock had a bit of a bad day before rebounding. It wasn’t just a bad day for Apple stock, though: Fueled by fears of a total collapse of the Chinese stock market, the whole S&P 500 collapsed that day.
In the first 24 hours, only Apple rebounded. It’s proof positive of Apple’s fabled “reality distortion field.”
It’s not a good start to the week for Apple, as shares fell below the $100 mark even before the market opened.
Seeing investors panicking, Tim Cook shared a few thoughts with CNBC Mad Money host Jim Cramer — particularly reassuring him about Apple’s continued success in China, which Cook continues to be bullish on due to its “unprecedented” opportunities.
When it comes to app downloads, China and Mexico surged in the first fiscal quarter of 2015, says a report by the mobile analysts at App Annie.
China took the top spot for iOS downloads while Mexico now ranks among the top five countries for Google Play downloads, surpassing South Korea this quarter.
While we’ve seen Google Play lead the number of downloads across the globe and iOS facing a shrinking lead in revenue, Q1 2015 showed a huge jump for iOS in terms of revenue, to the tune of about 70 percent more (up from 60 percent higher in Q3 2014). Google Play continues to be top dog in downloads, though, with 70 percent more downloads than Apple’s digital storefront.