Apple posts record-breaking $1.22 billion App Store holiday revenue

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After lowering the revenue guidance citing “fewer iPhone upgrades” and China struggles, Apple’s stock declined by 10% earlier today. But, as the saying goes, it’s not over until the fat lady sings. Apple has just announced record-breaking $1.2 billion App Store 2018 holiday revenue and a new single-day record on New Year’s Day 2019 alone.

Apple reported that customers worldwide have spent more than $1.22 billion on App Store between Christmas Eve and New Year’s Eve. Also, App Store customers spent over $322 million on New Year’s Day 2019 alone, setting a new single-day record for the U.S. …

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