Apple releases 2014 annual report
Apple sales released their annual report, where they confirmed that iTunes music sales had declined this year. While they didn't specify the amount of the decline, a recent report puts it between 13 and 14 percent. Overall, however, sales in the iTunes Store grew thanks to app sales and in-app purchases, according to the report:
Apple also doubled the amount they spent on acquisitions, spending almost $1 billion, not including their Beats purchase. They also greatly increased their spending on research and development, primarily on personnel, as well as equipment supporting R&D.
What do you think of Apple's 2014? Leave your thoughts with us in the comments.
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Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.