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Research

  1. Apple Services in Europe: Scale and Growth

    · · Research

    Apple offers an answer. Since October 2023, Apple has been reporting the average monthly users of the App Store in 27 EU Member States. The reports are updated every six months. I took three samples spanning 2023 to July…

  2. How many Apple users are in China?

    · · Research

    Greater China. As previously reported, China represented 18% of net sales for Apple in the fourth quarter of 2025. This was up from 15% the year before and the third largest reporting segment. The segment grew by 37.9%…

  3. Estimating 2035 iPhone Users

    · · Research

    Surveying multiple sources We have a firm hold on the number of active devices as well as the number of iPhones in use. This is due to Apple reporting the data. The latest active device count was 2.5 billion and the…

  4. When Will Apple Halve?

    · · Research

    So far it’s down 44.4% The Apple share count peaked at 26,549,208,000 shares in the third quarter of 2012. Today there are about 14,748,158,000 shares outstanding. The history of the shares outstanding is shown below:…

  5. 1.7 Billion Customers

    · · Research

    Apple reached a new milestone We are proud to report that we have a new record for our installed base with more than 2.5 billion active devices. -Tim Cook 2.5 billion active devices follows the announcement of 2.35…

  6. Margin Call

    · · Research

    While the commentariat assumes the worst, Apple delivers the best. Last quarter Apple delivered a gross margin of 48.2%. This was above the high end of their guidance range and up 100 basis points sequentially.…

  7. Apple Services: Right on Cue

    · · Research

    On January 12, Eddie Cue dropped a few significant digits on us: The App Store alone saw over 850 million average weekly users globally. Developers earned over $550 billion on Apple platform since 2008. Apple Pay…