Apple sets App Store sales record during holidays, despite disastrous quarter

In the wake of a historic stock price drop, Apple surprised investors with some good news on Thursday.

Customers helped Apple set an App Store sales record during the 2018 holiday season. This news comes just one day after the company lowered revenue expectations for its holiday quarter, resulting in a loss of $57 billion in market value.

According to Apple, App Store customers spent more than $1.22 billion on app and game downloads and subscription purchases between Christmas Eve and New Year’s Eve.

This is the most money ever spent in the App Store in a single week. In addition to the $1.22 billion record, Apple customers set a new single-day record. iPhone and iPad users spent more than $322 million on New Year’s Day. Read more...