Apple launches app for party invitations in recurring revenue push

Apple launches app for party invitations in recurring revenue push


Apple CEO Tim Cook gestures as he poses on the red carpet during arrivals for the screening of the mini-series “Disclaimer”, out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. 

Louisa Gouliamaki | Reuters

Apple on Tuesday released a new app for creating invitations and sending them to contacts. The app is called Apple Invites.

Users can create events, such as birthdays, graduations and housewarming parties, and manage RSVPs and guest lists through the app. Apple Invites is also available on the web.

While users won’t need an iPhone to RSVP to events, they will need a paid iCloud+ subscription to send invites.

The launch is the latest example of Apple’s services strategy, whe company introduces new paid subscriptions that are marketed to its installed base of 2.35 billion active devices. Apple’s Services division has become the company’s second largest business behind the iPhone, reporting $25 billion in sales in the December quarter.

Services has also become a big source of Apple’s profit, with a gross margin of 74%. The growth of Apple’s services division is helping Apple’s overall margins expand in recent quarters after years of staying flat. Apple’s services business also includes its search deal with Google, Apple Pay payments and device warranties.

With Invites, Apple is taking on Partiful, a startup founded in 2020 that allows users to make and send event invites. Partiful did not immediately respond to a request for comment.

An iCloud+ subscription starts at $1 per month for 50GB of storage, and it’s included in Apple’s other subscription bundles, ranging up to a $38-per-month subscription that also includes the company’s TV service, Apple Music and access to games, fitness classes and news.

Invites also includes Apple Intelligence, the company’s suite of artificial intelligence software. Apple Intelligence can generate images for invites and help write the invitation with the company’s Writing Tools. Apple Intelligence also has the ability to share a photo album or playlist with an event’s guest list.

While Apple doesn’t charge individually for many of its iCloud+ services, it now has a host of paid features intended to get users to upgrade from free storage. That subscription service offers a VPN-style relay service for private browsing, custom email domains for iCloud, local security camera storage and the ability to generate burner emails.

Apple doesn’t disclose how many iCloud+ subscribers it has. The company last week said that it has 1 billion subscribers, but that figure includes subscriptions to apps through the App Store in addition to its direct iCloud subscriptions.

WATCH: Tariff impact on Apple: Here’s what to know

Tariff impact on Apple: Here's what to know



Source

Bitcoin bounce fades as it drops back down to just under ,000
Technology

Bitcoin bounce fades as it drops back down to just under $67,000

Bitcoin’s short-lived bounce faded on Thursday as the volatility in the world’s largest cryptocurrency continued. Bitcoin was trading at around $66,737 at 5:46 a.m. ET on Thursday. The digital coin has been on a downward trajectory since hitting an all-time high above $126,000 in October with the sell-off intensifying over the last month. Bitcoin dropped […]

Read More
French software maker Dassault Systèmes plunges 18%, on track for worst day ever
Technology

French software maker Dassault Systèmes plunges 18%, on track for worst day ever

HANGZHOU, CHINA – JUNE 14, 2024 – A guest walks past the logo of the 2024 Dassault Systemes Automotive and Transportation Industry Summit Forum in Hangzhou, Zhejiang province, China, June 14, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images Shares of French software giant Dassault Systèmes […]

Read More
Musk’s xAI loses second co-founder in two days
Technology

Musk’s xAI loses second co-founder in two days

Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe.  Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI has lost its second co-founder in two days. Influential researcher Jimmy Ba on Tuesday announced his departure in a post on X, thanking Musk and […]

Read More