| Cult of Mac

Apple earnings blow past analysts’ estimates yet again

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Apple earnings blow past analysts’ estimates yet again
Apple had another record-breaking quarter, with strong growth in iPhone, Mac, iPad, Services, etc.
Photo: Cult of Mac

Apple took in $81.4 billion in revenue during its most recent financial quarter, up 36% from the same quarter of last year. And profits were up as well, with earning per share hitting $1.30.

Market analysts just can’t keep up with how well the iPhone-maker is doing. These results beat expectations handily.

Apple TV+ might make over $1 billion in its first year

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Apple TV
Jason Momoa‘s “See” is expected to draw subscribers to Apple TV+.
Photo: Apple

Apple TV+ could lure a whopping 12 million subscribers in its first year, an analyst predicts.

The streaming video service, which Apple plans to launch this fall after spending more than $1 billion on original shows, will be be playing serious catchup with rivals like Netflix. But Cupertino wields some key advantages.

App Store downloads fall, but revenues still rise

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Apple pays $467k for doing business with blacklisted app developer
Fewer iOS apps were downloaded from the App Store last quarter. But the money is still pouring in.
Photo: Apple

The number of downloads from Apple’s iOS App Store declined slightly last quarter, according to a report from market analysis firm Morgan Stanley.

However, revenue from iOS software is increasing, up 15 percent year-over-year.