![]() ![]() I used 6 hours to calculate total time spent on iPhones so I will use the same figure for Android. The estimates I found for time spent on smartphones ranged from 4-6 hours for millennials and older generations, and 6-8 hours for Gen Z. Google Cloud (indirectly if you count people using products which are hosted on or otherwise touched by a Google Cloud service)įor reference, Google calls Gmail, Calendar, Drive, Docs, Sheets, Slides and Meet its “Workspace productivity Apps” - collectively they count more than 2.6 billion monthly active users. Google’s suite of office products (docs, sheets, etc) ![]() Other products that have yet to hit the billion user count but which are over 100 million include: ![]() Google has 9 products with more than 1 billion users, they are: In this post I’m going to do some similar calculations for Google. The result was a little north of 3 trillion hours on an annualized basis using my expectations for active devices as of December 2022 (and various assumptions about time spent per device from consumer surveys which I reference in the post). While striking an optimistic tone on sales of services and iPhones, CEO Tim Cook said an uncertain economy is expected to hurt categories like gaming and digital advertising.įor the just-ended quarter, Apple’s profits missed Wall Street expectations for the first time since 2016, dragged down by iPhone sales falling for the first time since 2020.In a previous post ( linked here ) I did a calculation to estimate the total time spent across Apple’s ecosystem of products. “We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans,” Maestri added.įor the unversed, Apple recently forecasted that its revenue would fall for a second quarter in a row but that iPhone sales were likely to improve as production had returned to normal in China after COVID-related shutdowns. “We set an all-time revenue record of $20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Luca Maestri, CFO, Apple. Shareholders with records as of the close of business on February 13 will receive the dividend on February 16, the iPhone maker said. Also Read - Apple and Samsung capture 96 per cent of global smartphone operating profitsĪpple’s board of directors has declared a cash dividend of $0.23 per share of the company’s common stock. “During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base,” Cook added. Also Read - This iPhone trick will forever change how you scroll up on screen “As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do,” Tim Cook, Apple’s CEO, said in a statement. Also Read - Apple iPad most-selling tablet in March quarter, followed by Samsung Galaxy Tabs Apple now has over 2 billion active devices globally The company also reported quarterly revenue of $117.2 billion, a 5 percent decrease year over year, and quarterly earnings per diluted share of $1.88. Apple has announced its financial results for its fiscal 2023 first quarter that ended December 31, 2022, in which the tech giant revealed that it has crossed two billion active devices. ![]()
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