An update to the Apple Store mobile app will reportedly take consumers' purchasing history into account when making product recommendations, similar to tactics used by Amazon and Google. Apple, which had resisted the move over privacy concerns, is expected to introduce the "For Your" feature for the iPhone and iPad within two weeks.
Mobile game revenue, spurred largely by in-app purchases, is expected to reach nearly $37 billion this year, reports research firm Newzoo BV. In-app purchases "engage people in a longer financial discourse than you would have in an upfront sale," said Andrew Phelps of the Rochester Institute of Technology.
Apple Pay is the center of nearly 75% of contactless transactions in the US, this analysis states, noting that eMarketer says the software holds just a 43% share of the smartphone installed base. Monthly active users rose more than fivefold from a year ago, mostly from overseas gains.
Intel will reportedly pursue alternatives in its pursuit of augmented and virtual reality on smartphones after cutting off sales of its RealSense 3D camera technology from developers who were using it to test Google's Project Tango 3D app.
Mobile ads and video propelled Google parent Alphabet to beat analyst estimates in the second quarter, as revenues jumped by 21% from the same period a year ago and profits grew to almost $5 billion. "Mobile and video is center stage for both" Google and Facebook, said Bloomberg Intelligence analyst Jitendra Waral.
T-Mobile US powered its way to its 13th consecutive quarter of netting at least 1 million new customers by adding 1.9 million subscribers in the latest period, of which 646,000 were postpaid, the company reported Wednesday. Revenues climbed 13% from the period a year ago, the higher earnings exceeded analysts' estimates, and the carrier raised its outlook for the rest of the year.
Samsung Electronics continued its turnaround in the second quarter, reporting that solid sales of its Galaxy S7 phones, along with cost-cutting measures, enabled its mobile division operating profit to soar by 16.3% from a year ago, its best performance since 2014. Executives predicted that the average price of the company's handsets will remain strong due to an aggressive marketing push and introduction of a new large-screen Note device.
Research firms Strategy Analytics and Canalys report that smartphone shipments returned to modest growth, with Strategy Analytics predicting firmer growth in the coming months thanks to new releases from Samsung and Apple. Samsung doubled Apple's shipments, with nearly 80 million units shipped in Q2, while Huawei Technologies ranked third, with 31 million, Canalys said.
Mercedes-Benz's Rescue Assist app is designed to give first responders a tool to help them overcome the challenges of safely entering and cutting up today's more technology-filled vehicles. The app features augmented-reality technology to give emergency services providers a better idea of where parts are located when they are on the scene of an accident.
Apple has developed a strong enough user base that the company hopes that services and apps -- such as Apple Pay and streaming music -- will keep profits rising even if iPhone sales level off, analysts said. The company reported a 19% rise in service revenues in its third quarter, and Apple CEO Tim Cook noted that the $6 billion services business will become "the size of a Fortune 100 company next year."
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