technology

Apple Services Revenue Growth Outshines Other Segments

Apple's Services Revenue Drives Solid 2Q Earnings

In Apple’s second-quarter results, the standout is services revenue, up 31 percent from a year ago and 8 percent from the preceding three months. That sequential growth in services contrasts with a sequential decline in every other segment. That’s sales from the App Store, iTunes, Apple Music and Apple Pay of $9.2 billion in the quarter.

  • Apple has recently started offering cheaper student pricing and family plans for Apple Music.
  • Apple recently said Apple Music has 40 million users.
  • Fun fact: Apple’s quarterly service revenue is more than three times Twitter’s annual sales.

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