September 1, 2010: Apple’s new music-focused social network, Ping, ships as part of iTunes 10. Apple says the service will let users discover new music and more easily follow their favorite artists.
Ping racks up 1 million signups in the first 48 hours. Nevertheless, Apple’s social network is doomed from the start.
The number of people subscribing to Apple services passed the 1 billion mark during the company’s most recent financial quarter, allowing that segment of the company to bring in record revenue.
But total revenue decreased slightly during the June quarter, the third time that’s happened in a row. And the money coming in from all Apple’s hardware groups is down.
July 1, 2012: Apple shuts down its MobileMe web service, pushing users to switch to iCloud.
Launched in 2008, Apple’s subscription-based suite of online services and software includes features like Find My iPhone, a MobileMe photo gallery, chat facilities, an online calendar, storage and other cloud-based services.
After letting it limp along for four years, Cupertino finally decides to pull the plug, giving MobileMe users until the end of July to remove their data from the service.
June 20, 1994: Apple launches eWorld, a subscription service for Mac owners that’s designed to compete with America Online and other nascent online properties.
Part messaging service and part news aggregator, Apple envisions eWorld competing with heavy hitters like AOL, Delphi, CompuServe and Prodigy. Unfortunately, Apple’s online service is doomed from the start.
Perhaps the best phrase to describe the results of Apple’s most recent financial quarter is, “It could have been worse.” Total revenue dropped 3% as the company battled inflation and other macroeconomic problems not of its making.
Still, Apple’s quarterly numbers beat the overly pessimistic Wall Street estimates. And there is more good news buried in the results Apple reported Thursday (and in the company’s earnings call with investors). Read on for five reasons to be optimistic about Apple’s future.
Apple Card Savings launched Monday, allowing money earned from Apple Card’s cash-back program to go into a high-yield savings account. And it is high-yield — at 4.15%, the annual rate is about 10 times higher than the national average.
There are no fees for the new financial service, and users can bring in their own cash from other banks that offer lower interest rates.
March 9, 1996: Apple confirms that it will shut down its eWorld online service at the end of the month.
Part messaging service, part news aggregator — and all with Apple’s customary premium prices — the short-lived eWorld proved ahead of its time. Apple tells disappointed eWorld subscribers they can switch to America Online instead.
In order to be approved for Apple Pay Later, the company’s own buy now, pay later service, individuals will need to be loyal Apple customers. The service has strict hoops you need to jump through: Apple will check your spending at Apple Stores, purchases and subscriptions on the App Store, Apple Cash payments, Apple Pay history and more.
Even if you work for Apple, you may only be approved for a $1,000 loan. The feature continues to undergo internal testing after being delayed since September, according to Bloomberg.
Apple continues working on its long-rumored iPhone hardware subscription service despite hitting several roadblocks. The service was first rumored to launch in late 2022.
With a subscription service, Apple will allow customers to get the latest iPhone by paying a monthly fee. This would save them from shelling out the total device cost upfront.
Apple Pay Later reportedly has entered beta testing among Apple’s retail store employees, signaling that the “buy now, pay later” service is nearing public release.
The move comes months after Apple announced the financing option at its Worldwide Developers Conference last June.
