Audio By Carbonatix
Apple’s increasing focus on its services business seems to be paying off, with the company reporting a record $12.7 billion in services net sales during the first quarter of its fiscal year — a year-over-year increase of roughly 17%.
Services includes existing offerings like iCloud and Apple Music, as well as a number of new subscriptions that Apple has launched in the past year, such as Apple Arcade and Apple TV+.
The numbers were part of a strong earnings report for Apple, with better-than-expected revenue of $91.8 billion.
The company no longer reports the unit sales of its different product lines, but we can still track general trends by looking at net sales. In addition to the growth in services, the wearables, home and accessories category grew even more rapidly, reaching a record high of $10.0 billion (compared to $7.3 billion a year ago).
Meanwhile, iPhone sales were also up to around $56.0 billion, compared to $52.0 billion during the previous Q1, with CEO Tim Cook crediting “strong demand for our iPhone 11 and iPhone 11 Pro models” in the earnings release.
There was less happy news for in the Mac and iPad categories, where sales fell to $7.2 billion (from $7.4 billion) and $6.0 billion (from $6.7 billion) respectively.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Iran declares 40 days of national mourning after Ayatollah Ali Khamenei’s death
40 minutes -
Family of Maamobi shooting victim makes desperate plea for Presidential intervention
2 hours -
Middle East turmoil threatens to derail Ghana’s single-digit gains
2 hours -
Free-scoring Semenyo takes burden off Haaland
3 hours -
Explainer: Why did the US attack Iran?
3 hours -
Peaky Blinders to The Bride!: 10 of the best films to watch in March
4 hours -
Crude oil price crosses $91 as Strait of Hormuz blockade chokes 22% of global supply
4 hours -
Dr. Hilla Limann Technical University records 17% admission surge; launches region’s first cosmetology laboratory
5 hours -
Over 50 students hospitalised after horror crash ends sports tournament
5 hours -
Accra–Dubai flights cancelled as Middle East tensions deepen
6 hours -
See the areas that will be affected by ECG’s planned maintenance from March 1-5
7 hours -
Kane scores twice as Bayern beat rivals Dortmund
7 hours -
Lamine Yamal hits first hat-trick in Barcelona win
7 hours -
Iran says US and Israel strikes hit school killing 108
7 hours -
What we know so far: Supreme Leader Khamenei killed, Trump says, as Iran launches retaliatory strikes
8 hours
