"Apple's App Store revenue soared by 10% in the September quarter, reaching $8.7 billion. The growth was accompanied by a 2.5% rise in downloads, which reached 9 billion. The company also witnessed a shift in revenue mix, with categories like Productivity and Photo & Video showing steady growth. This trend indicates a long-term demand for AI-powered apps. Analyst Timothy Arcuri believes that the App Store's strong performance is a sign of Apple's potential for future growth. Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) also experienced a 10% increase in its app store revenue."
"Apple removed all apps that allowed users to track and report the location of Immigration and Customs Enforcement (ICE) officers from its App Store. The app, ICEBlock, was developed in April and allowed users to track the location of ICE officers and receive notifications if they were within a five-mile radius. Apple decided to remove the app and similar ones from the App Store due to safety risks. This decision followed a warning from former Florida Attorney General Pam Bondi, who called the tracking apps a "red line that cannot be crossed.""
"Apple reportedly paused work on a cheaper Vision Pro headset to focus on smart glasses development. Bloomberg's Mark Gurman reported that Apple brought the development of its lighter, cheaper Vision Pro model to a stop. This model was slated for release in 2027. See Also: Energy Stocks Surge On AI Hype: Plug, FuelCell, Bloom - Benzinga Analyst Gene Munster believes that this move could be Apple's biggest miss since the Newton. H"
Apple's App Store revenue increased 10% in the September quarter to $8.7 billion, accompanied by a 2.5% rise in downloads to nine billion. Revenue mix shifted toward categories such as Productivity and Photo & Video, signaling sustained demand for AI-powered applications. Apps that tracked and reported Immigration and Customs Enforcement officer locations were removed from the App Store due to safety concerns after a warning from a former state attorney general. Apple paused development of a lower-cost, lighter Vision Pro headset to prioritize smart glasses, delaying the previously planned 2027 release window. Some analysts view the pause as a significant strategic misstep reminiscent of past product failures.
Read at Benzinga
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