Apple’s earnings report last week underscored Apple’s uncanny and arguably unrivaled ability to make money hand over fist in any type of sales climate. Despite a noticeable drop in iPhone-based revenue for the quarter, Apple still managed to deliver an impressive $64 billion in revenue and earnings of $3.03 per share.
A big reason behind Apple’s monster September quarter can be traced back to the company’s burgeoning range of services. Tim Cook has been boasting about the rapid growth of Apple services for years now, and true to form, the cold hard data is hard to ignore. During the last quarter, for example, Apple’s range of services generated $12.5 billion in revenue. As a point of contrast, Apple’s services during the same quarter last year generated $9.9 billion in revenue.
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Some of Apple’s most ambitious services still aren’t available in China originally appeared on BGR.com on Thu, 7 Nov 2019 at 22:45:51 EDT. Please see our terms for use of feeds.
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