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
-
Venezuelan acting president says hundreds of prisoners have been released since December
24 seconds -
Nilex Suites holds first open house ahead of official launch
21 minutes -
We’re far from Ofori-Atta’s extradition – Frank Davies responds to Ablakwa
28 minutes -
Judicial Service, Finance Ministry summoned ahead of JUSAG strike
1 hour -
Takoradi Port to receive largest bulk carrier ever to berth in West Africa
2 hours -
Mane hits winner as Senegal end Salah’s Afcon bid
2 hours -
NLC summons Finance ministry, Judicial service over JUSAG’s 8-month salary arrears
2 hours -
Interior and Education Ministries signs MoU to produce sanitary pads, school uniforms and furniture
2 hours -
GIS to repatriate 8 foreign nationals convicted over illegal activities under guise of QNET
2 hours -
The Republic of Queues: DVLA’s Digital Revolution
2 hours -
ACEP hosts Guinea delegation for three-day peer learning exchange on civil society advocacy
2 hours -
Ofori-Atta’s extradition lies with US courts, not US Executive – Immigration lawyer
2 hours -
PRINCOF postpones resumption date for Colleges of Education
2 hours -
Ghana AI Summit unveils groundbreaking AI Challenge to solve national problems with homegrown data
2 hours -
US announces start of phase two of Gaza peace plan
3 hours
