TechBooky

Apple services category which like iTunes, App Store, Apple Music and iCloud among other services has continued to grow at a healthy rate. This category is now growing to becoming an important contributor to the overall Apple revenue outlook. Apple services raked in $9.55b up 31 percent from the same third quarter in 2017 when it came in at $7.27b. As per Apple CEO Tim Cook, Apple feel good about the future of its services division, and the organisation saw activities pick up in double digits especially in the area of installations. Apple Music grew in excess of 50 percent year-over-year with 50 million subscribers from May (against Spotify"s 85m subscribers) and AppleCare expanded at its most astounding rate in 18 quarters. Apple"s cloud administrations income was up 50 percent year over year, and correspondences services, including FaceTime and Messages, are hitting record-breaking use highs. Siri usage for have surpassed 100 billion, and articles read on Apple News have mu...

It’s official. Facebook Inc. just had the biggest stock-market drop in American history. Until now, Facebook has appeared to be immune to the litany of scandals its business has generated over the past couple of years, with ever-increasing growth in revenue and users and an unsinkable stock price. On Wednesday, its ability to coast on its years of success finally seemed to give out. On an earnings call with investors, Facebook reported that its revenue grew by 42 percent over the same time last year, reaching $13.2 billion for the quarter—a number that was lower than the $13.3 billion analysts expected. The slight miss may have been what sent Facebook’s stock plunging more than 23 percent after the call in after-hours trading, but more likely it’s what’s going on with some of the social network’s metrics. Facebook"s margin fell to 44 percent in the second quarter from 47 percent a year ago as it spent heavily on security and initiatives to convince ...

It beats Apple Music yet again. Spotify is still the largest streaming music service around but it"s no longer the only major player on the field. Apple Music is gaining significant ground, although there"s still a sizeable distance between the two companies" user base. Three months earlier, the Swedish company had reported 75 million paying subscribers during its first earning report . Fast forward to now the company unveiled the figure , on the high end of its forecasts, as it released its earnings for the quarter to June. It added 8 million paid subscribers during its second quarter to get to 83 million premium users. With 180 million ad-supported active monthly users. The growth in paid subscriber comes mostly from European subscribers, whose account were 37 percent of the company active monthly user base, against 31 percent in North America, slowed during the second quarter due to the introduction of new GDPR privacy rules in Europe. Latin America remained a growth ...

After the rain, comes the rainbow. It has been a stormy and rainy season for the social media giant, Facebook, as today they announced a strong first quarter earnings . This is an incredibly good news as who would have thought that despite all the challenges they faced since the beginning of the year, following the Congressional testimony cantered on its chief executive , and what has shaped it up to be the largest crisis till date. The Cambridge Analytica data privacy scandal came to light late in the first quarter, and therefore the substantial impact on Facebook’s business would be hard to see until the next quarter of the year. The tech giant was able to recover from the daily active user slump it suffered last year, when its US and Canada daily active users (DAU) number shrank to 184 million and marked the first time Facebook usage has ever decreased in the company’s primary market. The slump was primarily attributed to Facebook tinkering with the News Feed to favour m...