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Cyber Security

Apple App Store Earns $1.22B During Holidays, But Stock Still Struggles

Apple’s App Store sold games and apps worth $1.22 billion between Christmas Eve and New Year’s Eve. New Year s Day set a new single-day record at more than $322 million. Tim Cook adjusted Apple’s revenue estimate for the first quarter of the 2019 fiscal year, going down to approximately $84 billion from the approximation of between $89 billion and $93 billion presented in November 2018. Apple’s stock dropped 38% since October 3 to an all-time low of $142.08 per share.

Source: https://www.bleepingcomputer.com/news/apple/apple-app-store-earns-122b-during-holidays-but-stock-still-struggles/

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