The pay gap between men and women appears to be lowering for Apple employees in the U.K. Apple revealed today that its male employees in the U.K. make 5% more than females on average. However, the median pay favored women by 2%. “We’re proud of the progress we’ve made to hire more inclusively and are […]
Intel is continuing to close the gap between notebook and desktop performance with its latest Core chips — some of which could end up in upcoming Mac devices. On Tuesday, the chipmaker unveiled the eighth generation of Core notebook processors based on the Coffee Lake platform. And with the new lineup of chips, Intel seems dead […]
Skiing and snowboarding aren't gentle on your body, especially if you're taking on a challenging run or plan on a long day. Now, however, technology might ease your burden. Roam Robotics has unveiled an exoskeleton built expressly to reduce the bur…
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For quite some time now, the iPhone has faithfully remained Apple’s primary revenue driver. Most recently, iPhone-based revenue accounted for a whopping 70% of Apple’s earnings during the 2017 holiday quarter. The iPhone’s popularity notwithstanding, a number of analysts over the past few years have promulgated the narrative that we’re either at or about to reach peak iPhone, which is to say that Apple is fast approaching a time where iPhone growth will begin experiencing a marked decline.
In light of that, many analysts have wondered aloud if Apple has the ability to come up with new revenue streams to keep earnings trending upwards. To this point, a new research note from Morgan Stanley analyst Katy Huberty (via Business Insider) relays that revenue from Apple’s services division may significantly boost Apple’s earnings potential. Hardly a controversial sentiment, revenue from Apple’s range of services (which includes iTunes, the App Store, Apple Music, and more) has been growing by leaps and bounds in recent years.
Huberty’s note reads in part:
Over the last five years, the vast majority (86%) of Apple’s 8% annual revenue growth was driven by iPhone sales, [but] it is through monetization of Apple’s Services business that we see the company still generating mid single digit revenue growth.
Indeed, Apple has already seen revenue from its range of services grow drastically in recent years. Just this past quarter, for example, Apple’s services division raked in $ 8.4 billion in revenue. By way of contrast, Apple during the same quarter three years ago saw revenue from its array of services check in at $ 4.7 billion.
Huberty further writes that Apple enjoys an average of about $ 30 in services-related revenue per device, representing an increase of $ 5 per device compared to two years ago.
Also, Huberty believes not only could the $ 30 number actually be $ 60, but it “could approach $ 100 or more.” That is because, according to the note, Amazon Prime has about 106 million users who pay about $ 99 per year, and Netflix has roughly 111 million subscribers who pay about $ 120 per year.
Plus, only about 18% of Apple’s total device installed base are paid subscribers, “leaving much room for improved recurring revenue,” the note said.
Notably, Apple Music alone appears to be a growing source of revenue for the company, with recent reports indicating that Apple’s streaming music service may boast more paying subscribers than Spotify as early as this summer. Just two weeks ago, Apple disclosed that Apple Music now has 38 million subscribers, representing a 5% increase in just about one month. Meanwhile, revenue from the App Store continues to impress, with Apple in 2017 earning about $ 88 billion in revenue from the App Store.
Google may be assembling a supergroup of big retail brands to go to war with Amazon over the future of online shopping. Reuters is reporting that the search engine is teaming up with Target, Walmart, Home Depot, Costco and Ulta for the new project. T…
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Owning an amazing computer like an Apple MacBook Pro is one thing, but using it to the best of machine’s capabilities is another. It takes great apps on your computer to help you access and control your computer better, which in turn helps you structure your work flow to be more efficient. Reorganize and upgrade your life with The 2018 Mac Essentials Bundle. It’s on sale now in iPhoneHacks Deals Hub. Continue reading
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On Monday morning, live from the annual South by Southwest (SXSW) conference and media festival in Austin, Texas, Apple’s Senior VP of Internet software and services, Eddy Cue, announced that his company has inked a deal to acquire the popular digital magazine subscription service, Texture. While the financial and logistical terms of the agreement have […]
Snapchat is looking to expand the AR lenses it offers via its app by introducing new content from other creators. As reported by Mashable, Snapchat is going to start featuring creator-made lenses directly in the first-party Lens carousel…
The humble beginning of cryptocurrencies in India was back in 2013, when a vintage pizzeria in Mumbai started accepting Bitcoin. Since then, Indians’ interest in crypto has only increased, leading to the emergence of many Indian crypto exchanges and a number of businesses that accept cryptocurrencies. Considering there are more than 600 million young Indians, it’s palpable that adoption of technology and global trends (including crypto investment) happens at a fairly healthy rate. However, the Indian economy runs on top of complex financial regulations which has far-reaching impact on the crypto investor sentiment in the country. In the midst of…
Apple sure likes to use Sony's TV wing as a talent pool for its streaming video team — it just lured away another executive. Angelica Guerra, Sony Pictures Television's production leader for Latin American and US Hispanic content, has joined Ap…
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