Apple’s Services Revenue Hits New All-Time High of $13.3 Billion in Q2 2020

Apple’s Services Revenue Hits New All-Time High of $13.3 Billion in Q2 2020

Apple’s services category, which includes Tunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple News+, Apple Arcade, and more, has continued to see significant growth even amid the global health crisis, Apple announced today.



In the second fiscal quarter of 2020, Apple’s services segment brought in $13.3 billion, up from $11.5 billion in the year-ago quarter, marking 17 percent growth year over year.

Apple in 2019 introduced a number of new services, including ‌Apple News‌+, ‌Apple TV‌+, ‌Apple Arcade‌, and Apple Card, all of which have contributed to the significant growth Apple has seen over the course of the last several months.

Apple in 2016 set a goal of doubling its services revenue by fiscal 2020, a goal that Apple is on target to hit this year.

Apple CFO Luca Maestri also said that Apple’s active installed base of devices hit all-time highs in all regions where Apple operates.

This article, "Apple’s Services Revenue Hits New All-Time High of $13.3 Billion in Q2 2020" first appeared on MacRumors.com

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via MacRumors: Mac News and Rumors – iOS Blog https://www.macrumors.com/2020/04/30/apple-services-revenue-q2-2020/
link : https://www.macrumors.com/2020/04/30/apple-services-revenue-q2-2020/
April 30, 2020 at 11:18PM

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