More than $10 billion was spent in Apple’s app store last year, the company said Tuesday, on apps such as “Minecraft,” “Angry Birds Star Wars” and “Sleep Cycle” alarm clock. December was the most successful month in the store’s history, as customers spent $1 billion that month. Apple said the year’s total was also a record. There are more than a million apps available in the app store for the iPhone, the iPad and the iPod Touch.
U.S. home video spending rose nearly 1 percent to $18.2 billion in 2013, the second straight year of growth as higher spending on video streaming subscriptions and digital purchases offset the decline in DVDs. The figures were released by the consortium of Hollywood studios and electronics makers, the Digital Entertainment Group, on Tuesday. Digital sales of movies and TV shows rose 47 percent to $1.2 billion, while subscription streaming spending rose 32 percent to $3.2 billion. Blu-ray disc sales rose about 5 percent, but overall physical disc sales fell 8 percent to $7.8 billion. Rental revenue fell 5 percent to $6.1 billion.
BYD Co., the Chinese automaker backed by Warren Buffett’s Berkshire Hathaway Inc., said Chinese cars are poised to begin hitting U.S. showrooms by next year. BYD plans to introduce about four models for its U.S. debut at the end of 2015, said Stella Li, the senior vice president in charge of the company’s U.S. business. Though BYD wasn’t ready when it earlier sought to enter the U.S. car market in 2010, the company is more prepared this time, she said.
U.S. home prices barely rose in November from the previous month and year-over-year gains slowed, reflecting declines in sales in the fall. Real estate data provider CoreLogic said Tuesday that prices increased just 0.1 percent in November from October. That’s down slightly from October and far below August’s 0.9 percent gain. Home prices have risen a healthy 11.8 percent from a year ago, CoreLogic said. But that’s the smallest yearly gain since March.