Apple's App Store Sets Holiday, New Year's Day Sales Records
User spending topped $1.22 billion between Christmas Eve and New Year's Eve with an additional $322 million on Jan. 1.
Apple's App Store had a particularly merry holiday season, setting new sales records to cap an already record-breaking year.
The tech giant announced on Thursday (Jan. 3) user spending topped $1.22 billion between Christmas Eve and New Year's Eve. Customers also spent more than $322 million on New Year's Day 2019 alone, marking a new single-day record.
The App Store's most popular categories during the holidays were gaming and self-care. Among the top games globally were Fortnite, PUBG, Brawl Stars, Asphalt 9 and Monster Strike. For productivity, health & fitness and education apps, 1Password, Sweat and Lumosity were some of the top in their respective categories.
The news follows an announcement from CEO Tim Cook on Wednesday that the App Store helped drive Apple's services revenue to a new $10.8 billion record in the holiday quarter, with new quarterly records in each geographic segment. New all-time records for Apple Music, Cloud Services, Apple Pay and the App Store's search ad business also contributed to this success.
As well, Cook announced the company was on track to hit its goal of doubling the size of its services business from 2016 to 2020.
In Apple's last quarterly earnings report, released in November, services revenue reached $10 billion -- accounting for nearly 16 percent its total business.
Still, this news was largely overshadowed by Cook's announcement to investors Wednesday evening that the company was cutting its first quarter revenue forecasts, citing weakness in iPhone sales and a slowdown in the Chinese market amid current trade tensions with the United States. Apple stocks dropped 10 percent by the end of trading on Thursday, down $15.73 to $142.19 at closing.