Apple Inc. (NASDAQ:AAPL) initially did not give a reason for the outages but did confirm that multiple app stores owned by the company were inaccessible to users. Initially, major server outages were blamed for the disruption of service.
“If you’re having trouble buying songs on the iTunes store, then you are not alone. According to Apple’s website, customers may be unable to make purchases from the App Store, iTunes store, iBook store and Mac App Store. The problem the tech giant is experiencing is major server outages,” Lipton said.
Because of the outages, Apple Inc. (NASDAQ:AAPL) lost a fair amount of revenue, Lipton said. He noted that the total sales of media and software from iTunes for the last reported quarter was $2.6 billion.
In a follow up report, Apple Inc. (NASDAQ:AAPL) revealed why their app stores experienced problems, Lipton said.
“We apologize to our customers experiencing problems with iTunes and other services this morning. The cause was an internal DNS error at Apple. We are working to make all of the services available to customers as soon as possible, and we thank everyone for their patience,” the consumer electronics and software giant said in a statement to the news organization.
DNS refers to Domain Name System. An internal DNS error means that the DNS system on Apple’s end experienced outages or errors. DNS essentially enables website names to point to the Internet Protocol (IP) addresses for the servers that host the network resources that power sites and services removing the need for people to memorize the exact IP addresses of websites.
By the end of 2014, Christopher R. Hansen’s Valiant Capital owned about 1.24 million Apple Inc. (NASDAQ:AAPL) shares.
I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said ‘I lost money by EXACTLY following your stock picks’. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.