Revenue from services continues to grow. More money brings only selling iPhone.
Apple reported for the fourth fiscal quarter, saying that revenue from services of the company amounted to $ 8.5 billion, which is 34% higher than the same period in 2016. Services include Apple Music, iTunes, iCloud and the App Store. Collectively, they bring more money than the AirPods and other accessories, Apple TV, Apple Watch, iPod touch, and Beats headphones combined.
Apple services — the second source of revenue after the iPhone. Tim cook said that the number of subscribers to Apple Music and iCloud grew by 75%, but the exact number of users is not called. Chief financial officer Apple Luca Maestri reported that users began to spend more time in the App Store and download the app after the redesign, presented at WWDC 2017. According to the latest estimates from App Annie, revenue from App Store is almost two times more than Google Play Store.
Only for the fourth fiscal quarter the company earned 10.7 billion dollars. The total profit amounted to 52.6 billion dollars. During the reporting period, Apple sold 46.7 million iPhone, iPad and 10.3 million 5.4 million Mac computers.
Follow the news of the Apple in our Telegram-channel, as well as in the app on iOS MacDigger.