iOS revenue to surpass $1 trillion this year

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iPhone 7
iOS sales are about to hit a major milestone.
Photo: Ste Smith/Cult of Mac

Apple’s revenues generated from the iOS ecosystem will surpass $1 trillion sometime this year, according to one analyst.

By mid-2017, the company is forecast to have sold a whopping 1.2 billion iPhones, while collective sales of all iOS devices will surpass 1.75 billion units.

App Store made $240M on New Year’s Day to shatter sales records

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You don't need to go through the App Store to install apps now.
The App Store continues to impress.
Photo: Apple

The App Store opened 2017 with a massive bang by shattering sales records. New Year’s Day was its single busiest day ever, with $240 million raised from app purchases.

The record caps an incredibly successful 2016 for iOS developers, who earned a whopping $20 billion last year — up over 40 percent from 2015.

Apple schedules Q3 2016 earnings call for July 26

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Earnings_Call_2
Apple's next earnings call is less than a month away.
Photo: Ste Smith/Cult of Mac

Apple has scheduled its next earnings call for Tuesday, July 26, at 2 p.m. Pacific. The call, which will be broadcast live, will cover the company’s third fiscal quarter results following the first-ever decline in iPhone sales last quarter.

Microsoft more profitable than Apple at $1 trillion milestone

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how-microsofts-ambitious-new-lumia-950-phones-compare-to-rivals-image-cultofandroidcomwp-contentuploads201510Lumia-950-XL-gallery-2-jpg-jpg
Lumia's failure hasn't hit Microsoft too hard... yet.
Photo: Microsoft

Apple may have quaffed all the champagne at the $1 trillion in revenue party before Microsoft even got its invite, but the Windows maker rocked up in a bigger limo.

Last quarter, Microsoft finally reached the major milestone that Apple celebrated back in 2015, and it currently boasts even more profit.