Kif Leswing / CNBC:
In an email to developers, Apple says that new App Store ad placements will be available for the 2022 holiday season — – Apple is planning to release new ad “placements” as soon as the holiday season of this year. — The new ad units represent a significant expansion in Apple’s advertising inventory …
Joe Rossignol / MacRumors:
After Apple rolls out its new App Store ad units, prominent developers complain about gambling ads appearing in their app listings with no way to stop them — Apple today rolled out new ad placements in the App Store on the iPhone, allowing developers to advertise their apps in more places …
Kif Leswing / CNBC:
Sensor Tower: Apple’s App Store net revenue fell by around 5% in September, the steepest drop since 2015, as gaming revenue declined by 14% — – Apple’s App Store revenue declined about 5% in September, according to Morgan Stanley, the steepest drop since the bank started modeling the data in 2015.
Kif Leswing / CNBC:
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ — – Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
Ryan Browne / CNBC:
Ripple says it is effectively “operating outside of the US” due to its legal fight with the SEC and is seeking a license in Ireland to drive EU expansion — – Ripple is expanding its presence in the EU, where it plans to “passport” its services through an entity in Ireland, General Counsel Stuart Alderoty told CNBC.
Kif Leswing / CNBC:
Apple Q4: iPhone revenue up 9.67% YoY to $42.63B, Mac up 25.3% to $11.51B, iPad down 13.06% to $7.17B, Other Products up 9.8% to $9.65B, and Services up 4.98% — – Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Kif Leswing / CNBC:
Apple plans to launch Emergency SOS with Satellite in November and invest $450M in US companies to support the infrastructure, with most going to Globalstar — – Apple said Thursday that it will spend $450 million with U.S. companies including Globalstar to enable its new emergency satellite texting feature.
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