Apple generated US$4 billion from iTunes software and services during the second quarter. Apple's iTunes Store has been a relevant source of income and a core to the tech giant's ecosystem.
Tags: Iphone
RBC Capital lifts Apple price target estimate to USD525
RBC Capital's analysts raised their price target on Apple Inc from USD475 to USD525 due to buyback chatter and the release of new Apple products.
Apple shares up by 2.7%, exceed USD500 per share price
Apple's stock rose after Carl Icahn expressed his interest in the company amid the release of Apple's new products.
Foxconn's second quarter earnings boost by 40.8% due to strong iPhone sales
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Samsung exec says Apple-mocking ads has worked wonders
Arno Lenior, Samsung Australia's chief marketing officer, said Apple-mocking ad campaigns has worked wonders for Samsung.
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According to Consumer Intelligence Research Partners, first time smartphone buyers would prefer Android units while repeat buyers would choose Apple products.
Telstra's mobile market share in Australia rose to 50% as its income beat analysts' projections.
Analysts said that US President Barack Obama's ruling could aid the sales of Apple and could be Samsung's setback.
Analysts said that launching a mid-range iPhone would allow Apple to get the interest of the Chinese market and increase it revenue.
Samsung devices satisfy customers more than the iPhone, according to ACSI. The American Customer Satisfaction Index (ACSI) recently released the results of its smartphone customer satisfaction survey for the year.
Analysts said that Apple's business strategies and continuous innovation would be the key to the company's success in the future.
Analysts stated that Apple currently presents several avenues for sustained growth which makes it a good investment.
Apple's iPhone is the company's key to grow again and catch up with the low-end smartphones' increasing sales.
Analysts said that the telecom operators' plan to slash subsidies would boost iPhone sales. Apple investors were reported to be worried about the telecom operators' plan to slash subsidies.
