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 was the only smartphone maker that made real profit last quarter

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money
Apple is making hella bank, as the kids say.
Photo: Jim Merithew/Cult of Mac

The iPhone’s market share is down around the world, but you know what’s up? Its profitability related to other smartphones.

In fact, according to a new report from BMO Capital Markets analyst Tim Long, Apple accounted for 103.6 percent of all smartphone industry operating profits in the third quarter of 2016.

Apple Watch shipments suffer sharp summer decline

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apple-watch-2
Apple has seen its share of the smartwatch market crumble.
Photo: Ste Smith/Cult of Mac

Apple Watch shipments declined a staggering 71.6 percent this summer, according to IDC, with Apple shifting just 1.1 million units during the third quarter. During the same period last year, the company sold an estimated 3.9 million units.

Apple could confirm major iPhone milestone this week

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money
Apple may announce billionth iPhone sold during tomorrow's earnings call.
Photo: Ste Smith/Cult of Mac

Nobody’s expecting big things from Apple’s quarterly earnings call this Tuesday, but it is possible that we’ll hear one incredibly significant metric announced at the event: Apple’s sale of its billionth iPhone.

While it is likely that iPhone sales will continue to decline this quarter — with 40 million likely to be reported as the number for the past three months — the billionth sales mark would serve to underline once again just what an enormous success the iPhone has been for Apple.