Apple ‘one of the biggest gaming companies in the world’ even though it doesn't make games, analyst says

Neil Campling, co-head of global thematic group at Mirabaud Securities, said that 82 percent of revenues from Apple's App Store come from gaming.
Because of this, Apple has become "one of the biggest gaming companies in the world," Campling said.
Research shows that the mobile gaming industry threatens to overtake traditional gaming.

Bumper revenues via its App Store have placed Apple among the largest gaming firms globally — despite the fact it does not make its own games, an analyst told CNBC.

"I think what's often lost is we've got hundreds of thousands of apps in the (Apple) App Store, but 82 percent of revenues is in gaming, it's all about the gaming vertical," Neil Campling, co-head of global thematic group at Mirabaud Securities, told CNBC's "Squawk Box Europe" Tuesday. A vertical market is one that focuses on a niche, specific industry rather than one that caters to a broad group of customers. Campling suggested that Apple was receiving large revenues from gaming through its App Store which was effectively making it a huge player in this particular market.

He added: "Gaming is now the biggest vertical within media. It's a $130 billion industry alone, growing double digit every single year for a 10-year basis. And Apple has become one of the biggest gaming companies in the world, but it makes no games.

According to data from market research firm App Annie, gaming apps account for about half of the top 10 most popular apps on Apple's App Store.

While people playing games on their phone might not consider themselves to be gamers, research shows that the mobile gaming industry threatens to overtake traditional gaming.

Data released by App Annie and IDC at the start of the year showed that consumer spending on mobile gaming in 2017 was 2.3 times as high as spending on computer gaming and 3.6 times as high as spending on consoles.

If Apple were to be considered as a gaming company, that would see it compete with huge players like Sony, Microsoft and China's Tencent.

The market value of Apple is coming close to $1 trillion. It topped $940 billion on Monday as the first day of its annual Worldwide Developers Conference (WWDC) kicked off.

That day, Apple unveiled the new version of its operating system, iOS 12, which the company said would make iPhones and iPads perform better.

Comments

Apple sold fewer iPhones but made more money thanks to the iPhone

Apple’s first quarterly earnings reports for 2018 are in, and the company has reported that it sold 77.3 million iPhones in Q1 2018 (which includes the holiday season). That number is down 1.24 percent year over year from last year (78.3 million). But despite the slump in sales, iPhone revenue increased overall year over year, up 11.69 percent from $54.38 billion to $61.58 billion. While predictions for the average sale price of iPhone units sold during the quarter ranged from $710 to $755, the actual ASP was $796 (compared to $694 in Q1 2017), which directly explains the increase of revenue despite the decrease in sales. That said, despite the record revenue, analysts were still expecting a slight increase of approximately 1.5 percent year over year for units shipped, not a decrease. My estimate for iPhone units was expecting a lot more iPhone 8 with an average pricing of $710. Actual ASP was $796. A LOT of iPhon...

11 tricks to make your Android run faster

frustrating to drop several hundred dollars on a high-end smartphone only to find that the smooth and speedy performance you expected remains elusive. Mid-rangers and the budget end of the market are even more prone to stuttering and lag. There are various ways to speed up that Android performance, and a few things you can do to make it feel faster. Make sure you’re up to date The latest software will often contain bug fixes and general improvements and it can help your Android device to run better. Software updates tend to come OTA (Over The Air) and you should be automatically prompted to install them, but it doesn’t hurt to check. Go to Settings > About device > Software update and check for updates. The same logic applies to apps, so fire up the Play Store, open the menu at the top left and tap My apps and make sure all of the apps you use are up to date. Clean up your home screen If you choose to use live wallpaper then consider replacing it with a good static...

Xiaomi Qin AI is Android-powered, 4G VoLTE-enabled feature phone with real-time voice translation

Reliance Jio, with the launch of JioPhone, proved that you don t need a smartphone to have smart features. Now, Xiaomi has gone a step further and put Android OS in a feature phone, along with a host of other goodies. The company has launched Qin AI feature phone via its crowdfunding platform in China, which comes with interesting set of features. Xiaomi Qin AI is a 4G VoLTE-enabled feature phone with a 2.8-inch QVGA color display (320x240pixels) and T9 keypad. Running on forked Android OS called Mocor 5, the key highlight of the phone is that it comes with AI voice features for real-time voice translation in 17 different languages. The AI can also answer questions and tell poetry to children. Also Read Xiaomi Mi 8 SE 128 GB version arrives The feature phone does not come with front or rear cameras, but it does feature an infrared sensor to let you control your home appliances such as TV, AC, and more. At the heart of the feature phone runs a SC9820E ARM Cortex...

Vc Tech

Search This Blog