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00:02Apple reported a 10% rise in App Store revenue to $8.7 billion in the September quarter,
00:07with downloads up 2.5% to $9 billion, according to Benzinga.
00:11Analysts said the growth reflects demand for AI-powered apps in categories like productivity and photo and video.
00:17Analyst Timothy Arcuri said Apple's App Store growth signals strong future potential,
00:21while Alphabet also saw a 10% rise in App Store revenue.
00:24Apple removed ICE tracking apps such as IceBlock,
00:27citing safety concerns, filing criticism from former Florida Attorney General Pam Bondi.
00:32The company also paused development of a lower-cost Vision Pro headset,
00:35focused on smart glasses, moved some analysts called risky, but potentially visionary.
00:39A strong iPhone 17 upgrade cycle continues, driven by loyal users upgrading to premium models.
00:45For all things money, visit Benzinga.com.
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