Apple has hit a new all-time high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. Shares of Apple were up 1.6% at $183.62 in morning trading Monday. The stock needs to finish above the $182.01 closing level it achieved on Jan. 3, 2022, in order to record a new all-time closing high. It has already traded as high as 183.86 Monday, surpassing the record intraday level of $182.94, which was set on Jan. 4, 2022, according to Dow Jones Market Data. Ryan Vlastelica for Bloomberg News: The stock has risen consistently throughout 2023, with investors viewing it as a safe haven in periods of economic risk…

Apple this week announced the App Store ecosystem facilitated $1.1 trillion in developer billings and sales in 2022, building on developers’ track record of strong, resilient growth, an independent study by economists from Analysis Group found. The App Store continues to create incredible opportunity for developers around the world, with more than 90 percent of the billings and sales accruing solely to developers and businesses of all sizes — without any commission paid to Apple. Additionally, new analysis from the Progressive Policy Institute found the iOS app economy now supports more than 4.8 million jobs across the U.S. and Europe, with approximately 2.4 million in each region. Today, developers on the App Store have more ways than ever to monetize…

Apple this week announced the App Store ecosystem facilitated $1.1 trillion in developer billings and sales in 2022, building on developers’ track record of strong, resilient growth, an independent study by economists from Analysis Group found. The App Store continues to create incredible opportunity for developers around the world, with more than 90 percent of the billings and sales accruing solely to developers and businesses of all sizes — without any commission paid to Apple. Additionally, new analysis from the Progressive Policy Institute found the iOS app economy now supports more than 4.8 million jobs across the U.S. and Europe, with approximately 2.4 million in each region. Today, developers on the App Store have more ways than ever to monetize…

Half of the tablets shipped in the U.S. in the first quarter were Apple iPads. Tablets shipments dropped 7% to 10.8 million units, but performed better than PC shipments (desktops, notebooks, and workstations) in America, largely driven by Apple’s strong iPad performance in U.S. tablet market in the first quarter of 2023. Apple’s current 11- and 12.9-inch iPad Pro models PC shipments (desktops, notebooks and workstations) in the United States declined 28% year-on-year to 14.0 million units in the first quarter of 2023. Notebook (including mobile workstations) shipments fell 31% to 11.4 million units, while desktop (including desktop workstations) shipments were down 28% to 2.7 million units. “A confluence of factors led to the US PC market bottoming out at…

Apple is out with a new report today in which it again touts the economic impact of the App Store. According to a study done by economists at the Analysis Group, the App Store ecosystem generated $1.1 trillion in total billings and sales during 2022, an increase of 29% compared to the data from 2022. more… The post Apple says App Store ‘ecosystem’ crossed $1 trillion in 2022, here’s what that means appeared first on 9to5Mac.

Former “Deadwood” actor Brent Sexton is suing Apple Studios, alleging the company rescinded an offer to have him star in a new series because he declined to take the coronavirus vaccine due to medical reasons, costing him nearly $600,000. Apple Park in Cupertino, California : Sexton’s Los Angeles Superior Court disability discrimination suit seeks unspecified compensatory and punitive damages. Apple corporate and retail store employees were not required to be vaccinated against the coronavirus if they underwent required testing, but Apple Studios “trampled the rights” of those who worked for the Los Angeles- based subsidiary that produces content for Apple’s new streaming service, Apple TV+, the suit states. Anyone who worked on an Apple TV+ production was required to get…