October 21

AAPL: 116.60

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Apple has launched a dedicated Facebook page for Beats 1, the free worldwide Apple Music radio station run by human hosts, unlike other Apple Music stations which are generated by computer algorithms and require an Apple Music streaming subscription.

The new Beats 1 account is currently highlighting Zane Lowe’s exclusive interview with Lady Gaga, featuring video snippets and quotes. Although the page is not yet verified on Facebook, the account’s legitimacy is confirmed as the verified Apple Music account shared a post from the Beats 1 page.

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A report from French site Mac4Ever claims that Apple is planning to close a high-profile Apple Watch store-within-a-store in the famous Galeries Lafayette department store in Paris. This is one of three department store initiatives Apple opened for the launch of the Watch back in 2015.

The Apple Watch area in the store is a large one, spanning the width of four full balconies in the upmarket store, sitting alongside fashion brands Chanel and Hermes …

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There have been predictions for years that China would eventually be a larger market for Apple than the USA. The weak Chinese economy means that it hasn’t yet happened in hardware, but the latest App Annie data says that it’s already got there on the software side.

The highlight of this report is certainly China overtaking the U.S to become the largest market in the world for iOS App Store revenue — earning over $1.7 billion in Q3 2016. We predicted in Q1 that China’s rapid iOS revenue growth would drive it right past the U.S well before year’s end — China is now leading the U.S by over 15%.

The rapid growth in Chinese spending – a 500% increase in two years – is in line with earlier predictions. The stats also illustrate the importance of games in driving App Store sales …

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Consumer Intelligence Research Partners (CIRP) reports that the iPhone 7/Plus accounted for 43% of all iPhone sales in Q3 despite being available for only the final two weeks of the quarter. The research company estimates that the iPhone 7 notched up 31% of sales with the larger Plus model at 12%, reports Investors.com … 

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An Australian surfing instructor has told 7 News that an iPhone 7 left in a car caught fire, destroying the vehicle.

Mat Jones says he had left the phone under clothes in his car while taking a surf lesson. When he returned, he was shocked to discover the vehicle filled with smoke.

It hasn’t yet been confirmed that the phone was the cause of the fire: Apple says that it is aware of the incident and is investigating.

Some commentators are drawing the inevitable but spurious comparisons with Samsung’s Note 7 fires …

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