Apple services achieved all-time high of $12.5B in Q4
Apple CEO Tim Cook on Wednesday revealed the company's earnings from its Services segment, which includes Apple Music and iCloud, were up 18% in the fourth quarter and have set new records around the globe.
"Services [revenues] were up 18%," he said, "which beats our previous record-setting June quarter by more than a billion dollars."
Cook was also at pains to say that this growth is global.
"This is not a local phenomenon," he added, "and it was not a narrow success. We achieved multiple all-time highs. We are on the way to our goal of doubling our financial year 2016 Services revenue by 2020."
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