“We’re only eight days into 2015, and Apple is already celebrating bumper sales in the App Store,” Mark Wilson reports for BetaNews. “Buoyed by impressive pre-Christmas hardware purchases, New Year’s Day proved to be the biggest day ever for App Store sales. And in the first week of January, Apple enthusiasts spent almost half a billion dollars on apps and in-app purchases.”
“Sales and income are very much on the rise. Last year was a record-breaker for developers who managed to pull in more than $10 billion in revenue,” Wilson reports. “iPad, iPod and iPhone owners have already helped to earn developers $25 billion, and spending shows no sign of slowing down.”
Wilson reports, “Apple stock rose by more than 3 percent today as the company released details of the App Store earnings.”
Read more in the full article here.
MacDailyNews Take: YKBAID.
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…Because Apple’s customers trust Apple!
Apple paid out $10 billion in 2014 which means Apple got paid over $3 billion for their end of the business ….. Sales last year around $14 billion ….. This year perhaps closers to $20 billion with Apple paying out $14 billion ……
Just the APP Store is a business in itself!
$14.27 billion is the correct math when Apple pays out $10 billion. Apple keeps $3.27 billion.
I can do the math but I can’t type. Apple get $4.27 billion.
Great news. Yet, I’m expecting to see the inevitable “…yet analysts were disappointed, as they were expecting…” BS any day now.
Which leads to the question: why is it that any publicly traded company can get slammed by the simple comment, “Wall Street analysts downgraded the company because it did not meet their earnings expectations…”?
The above assumes that Wall Street analysts are infallible and that their earnings projections are without perfect. But something I have never seen questioned is whether the analysts, like a heard of sheep, all gravitate to following whisper numbers and other BS, and could be basing their numbers on shoddy research, assumptions and bad judgment? Yet, they are never called on that, and their “not meeting expectations” can have a material impact on a company’s market valuation.
We are all accountable. But some people appear to be less accountable than others.
That has never made much sense to me why Wall Street always seems to be disappointed in Apple. Apple only happens to be the most valuable publicly traded company on the planet, so if they’re disappointed with Apple then you’d figure they should also be disappointed with every other company.
I wouldn’t feel that analysts should be able to set expectations. If Apple says they can make such and such amount for the quarter and if the company reaches those goals or goes over it slightly, that should be more than satisfactory for investors.
Investors seem to be very happy with Hewlett-Packard as it’s nearly outpaced Apple’s gains for 52 weeks and H-P isn’t doing anything special in terms of overall revenue when compared to Apple. Not even close. So why is that? I have no idea. Wall Street would seem to be making inconsistent decisions on what they consider fair value of a company. Why does H-P meet Wall Street’s expectations but Apple doesn’t? It’s all manipulated nonsense to put money into certain people’s pockets.
Well, “I’m disappointed in the analysts, since they have not performed as I was expecting…”
To quote Ev Dirkson: “A billion here, a billion there, pretty soon you’re talking about real money.”
what is YKBAID?
You know because Apple is doomed.
thanks. It seems so obvious now!
@MDN — the full article link comes back to this page.