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Apple and Facebook s staggering quarterly results not sustainable

The problem with posting blowout numbers is that it raises the obvious follow-up question: Can you top this? For Apple Inc and Facebook Inc, the answer might be no, or not anytime soon. On Wednesday, the two tech giants showed the strength of their money-making prowess, with Apple reporting quarterly revenue of US$89.6 billion in the three months that ended in March, up 54 percent from a year earlier and exceeding the US$77.3 billion Bloomberg consensus. Facebook generated sales of US$26.2 billion in the period, an increase of 48 percent from last year that handily beat the US$23.7 billion average analyst estimate.

Here s how much Apple Music really pays the artists you listen to

The amount Apple pays music artists for streaming has been revealed. Apple has told its artists it pays them at the rate of a penny per stream . That would be roughly double the amount of rival Spotify. A new report says that a letter sent by Apple to Apple Music artists has revealed Apple pays for streams at the rate of a penny per stream. Apple Music told artists it pays a penny per stream in a letter reviewed by The Wall Street Journal. The disclosure, made in a letter to artists slated to be delivered Friday via the service s artist dashboard, is part of a growing effort by music-streaming services to show they are artist-friendly. For Apple Inc., it can be seen as a riposte to Spotify Technology SA, which last month shared some details of how it pays the music industry for streams on its service.

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