Apple Schedules an App Store Event

On Monday afternoon, Apple (NASDAQ: AAPL) sent out surprise invitations to an event. The event, which is scheduled to take place in New York City on Dec. 2, will honor the best apps from the year.

This marks a first for the company. Of course, it's no surprise to see Apple holding an event to honor the best apps. After all, strong growth in Apple's App Store has propelled its services segment higher in recent years, making the important segment second in size (measured by both revenue and gross profit) only to the tech giant's iPhone business.

iOS app icons. Image source: Apple.

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Source Fool.com