21.04.2020 Apple Daily Analysis

21.04.2020 Apple Daily Analysis

Apple today is trading at $276.93 it went down with $5.87 from $276.93 Today Apple announced that it is expanding its App store and other services to dozens of new markets in Africa, the Middle East and beyond. This is the biggest geographical expansion of its services in almost a decade, since the last iTunes Store expansion they did in Russia, India and more than the other 50 countries in 2012. Apple said it is going to offer its streaming App Music service in 52 additional countries and regions because it is focused on growing sales from its services segment which totaled 17.8% of its $260.1 billion in revenue in its most recent fiscal year, as consumers have slowed in upgrading their smartphones. However Apple stressed that they will have different pricing for streaming music in the new markets, they said that they will offer a six-month trial period and adjust monthly prices in Ivory Coast and Myanmar and $4.99 in markets such as Iraq and Kuwait.