Try GOLD - Free
Techlife News
|July 31,2016
-
You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months. And for good reason: They’re just about the only part of Apple’s business that’s growing right now.
Apps and services have always been key to the appeal of Apple products. But with iPhone sales down for the second quarter in a row - and speculation that a major redesign won’t arrive until late next year - Apple is talking up its online business, promoting it with new kinds of ads and even sponsoring an upcoming reality TV show called “Planet of the Apps.”
The giant tech company sold 40.4 million iPhones in the last quarter - 15 percent fewer than a year ago, according to its earnings report Tuesday. Analysts say consumers just aren’t as excited about the newest iPhone models. As a result, Apple’s overall revenue fell 15 percent to $42.4 billion for the three months ending June 30.
Apple also sold fewer iPad units, Mac computers and Apple Watches in the last quarter, although iPad revenue increased, thanks to the introduction of higher-priced iPad Pro models. And a modestly better forecast for the current quarter sent Apple shares up nearly 7 percent in late trading, after closing at $96.63.
But the biggest bright spot in the company’s report was a 19 percent sales jump for the segment that includes iTunes, Apple Music, the App Store and services like Apple Pay and iCloud storage. That segment produced nearly $6 billion in sales - more than Apple pulled in from quarterly sales of either iPads or Macs.

FOR SERVICES RENDERED
This story is from the July 31,2016 edition of Techlife News.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Techlife News
Techlife News
META FACES BACKLASH OVER AI DATA USE AND JOB CUTS
Meta Platforms is drawing scrutiny after reports that it is using internal employee activity data to train artificial intelligence systems while simultaneously cutting roughly 8,000 jobs.
4 mins
May 16, 2026
Techlife News
GOOGLE, SPACEX EXPLORE ORBITAL AI DATA CENTERS
Google and SpaceX are in early discussions to develop orbital data centers, a concept that would move parts of Al infrastructure into space.
4 mins
May 16, 2026
Techlife News
GOOGLE PREPS GEMINI FOR CARPLAY MAPS EXPERIENCE
Google appears to be preparing deeper integration of its Gemini AI assistant into the CarPlay version of Google Maps, signaling a potential expansion of in-car intelligence beyond current navigation features.
3 mins
May 16, 2026
Techlife News
INTEL UNLIKELY TO REPLACE TSMC FOR APPLE CHIPS
Intel is unlikely to displace Taiwan Semiconductor Manufacturing Company as the primary chip supplier for Apple, according to analysts in Taiwan, even as reports suggest Apple is exploring a broader manufacturing strategy.
3 mins
May 16, 2026
Techlife News
SUTSKEVER CLAIMS EVIDENCE IN ALTMAN DISHONESTY DISPUTE
Ilya Sutskever, a co-founder and former chief scientist at OpenAI, has alleged that he gathered evidence suggesting a “consistent pattern of lying” by CEO Sam Altman.
3 mins
May 16, 2026
Techlife News
APPLE EXPANDS HEALTH FEATURES FOR WATCH AND AIRPODS
Apple is extending the availability of its health-focused features across more international markets, bringing hypertension alerts on Apple Watch and hearing assistance capabilities on AirPods Pro to additional countries.
4 mins
May 16, 2026
Techlife News
APPLE JOINS GOOGLE IN EU AI ACCESS DISPUTE
Apple has raised concerns over new European Union proposals aimed at opening mobile platforms to competing artificial intelligence services, aligning with Google in opposing parts of the regulatory framework.
3 mins
May 16, 2026
Techlife News
FCC CLEARS $40B ECHOSTAR SPECTRUM SALE TO SPACEX, AT&T
Federal Communications Commission has approved the sale of more than $40 billion worth of wireless spectrum from EchoStar to SpaceX and AT&T, marking one of the largest spectrum transactions in recent years.
4 mins
May 16, 2026
Techlife News
AMAZON PUSHES 30-MINUTE DELIVERY WITH NEW SERVICE
Amazon is accelerating its logistics strategy with the launch of Amazon Now, a service designed to deliver thousands of everyday items in about 30 minutes.
4 mins
May 16, 2026
Techlife News
INSTAGRAM LAUNCHES INSTANTS FOR PRIVATE PHOTO SHARING
Meta Platforms has introduced Instants, a new feature within Instagram designed for private, ephemeral photo sharing.
3 mins
May 16, 2026
Translate
Change font size

