Apple services have become an important source of revenue for the company in the face of stagnant iPhone sales. In the third quarter of fiscal 2019, revenue from a service category that includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare and many others exceeded $ 11 billion. This became known from the quarterly report of Apple, published on July 30.
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To be more precise, at the end of the third fiscal quarter of 2019, services and services brought Apple revenue of $ 11.46 billion compared to $ 10.17 billion for the same period last year and $ 11.45 billion for the second quarter of 2019. Apple CEO Tim Cook (Tim Cook) said that the company is confidently moving towards the goal – to receive from services and services by 2020 at least $ 14 billion per quarter.
By the way, in March, Apple announced a number of new services that should increase the company's revenue from this area. In particular, we are talking about the news service Apple News +, a subscription to which costs $ 9.99 per month, an Apple Card credit card, the Apple Arcade game service and the Apple TV + television service.