NEW YORK, NY / ACCESSWIRE / April 16, 2018 / Shares of both Apple and Snap had traded fairly flat last Friday. Snap's SnapChat was revealed to be a favorite among teens still according to a report from PiperJaffray and according to 9to5Mac, Apple may be allowing third parties to create and release custom faces for the Apple Watch in the future.
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Apple Inc. shares closed up 0.34% on about 25 million shares traded on Friday. Earlier this month it was revealed that the total number of apps available in the company App Store had fallen last year for the first time in history. According to Appfigures, an analytics company, iOS apps in the store had decreased to 2.1 million from 2.2 million over the course of 2017.
In other news, according to 9to5Mac, Apple may soon allow third parties to create and release their own custom faces for the Apple Watch. 9To5 has uncovered code in the latest developer's build, watchOS 4.3.1 which hints at what could be coming soon and also revealed that it found a log message in the code stating "this is where the 3rd party face config bundle generation would happen." Apple is expected to unveil watchOS 5 at this year's WWDC on June 4th.
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Snap Inc. shares closed down 0.27% on Friday with around 18 million shares traded. The struggling social media company had some good news last week. According to a survey from Piper Jaffray, 83% of the respondents in its Taking Stock with Teens semi annual report had said that they used SnapChat in the last month. In the previous survey that number had been 82%. Analyst Sam Kemp of Piper Jaffray commented, "Teens are clearly engaged with Snapchat's unique approach to social (narrow network, direct messaging), and we believe this provides near-term support to Snapchat daily active user growth." 45% of the respondents also said that SnapChat is their favorite social media app, comfortably ahead of 26% for Instagram. Kemp however also said, "Instagram and Snapchat have extremely high user overlap, but Instagram is a better channel for branding, has better ad units and stronger advertiser engagement. Moreover, we believe Snap's organizational challenges present meaningful risk to future innovation."
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