Apple Lossless Audio CODEC (ALAC), is starting to have even bigger problems due to poor sales of iPhone phones, and this will definitely affect the way the company will evolve on the stock market. More precisely, downloads from the App Store registered a decrease of 5% compared to Q1 2019, this being the first decrease recorded for the application store since 2015 and until now.
Even if the downloads of applications from the App Store decreased, it is possible that the receipts and profit of those from Apple did not decrease, but for now there is no clear information about this. There is no clear explanation for this very important change, but some say that it would be about the removal of subscriptions for removals such as Spotify or Netflix.
Apple announced that it will reveal its financial results for Q1 2019 on April 30, and then we will find out more clearly how things have evolved for Americans. Until then, there will be a lot of uncertainty regarding the problems that Apple has, or not, with its products, and its revenues, so it will be interesting to see what will happen next.
MORGAN STANLEY: "For the first time since at least 1Q15 (as far back as we have the data), the number of quarterly [App Store] downloads declined, falling 5% Y/Y." While the decline in downloads is something investors should monitor, it's not necessarily indicative of consumer app usage trends, since App Store net revenue is correlated more so with spend per download (driven by in-app purchases).
