Apple again shatters record for services revenue with $9.5 billion in fiscal Q3

Apple's services financial category jumped 31 percent year-over-year in the third fiscal quarter of 2018, its best performance ever.

Stephen Silver 7 years ago 10

iPhone headed for record earnings growth for rest of 2018, says analyst

Based on the continued strength of iPhone sales, Guggenheim Partners has raised its Apple revenue estimates, with services revenues continuing to surge.

Stephen Silver 7 years ago 10

Apple mulls subscription bundle of Apple Music, News and original video content, report says

Apple is reportedly mulling a subscription bundle that incorporates the company's existing services, namely Apple Music and products sold through the News platform, with a slate of original TV shows widely rumored to be in production.

Mikey Campbell 7 years ago 43

iPhone will continue to drive Apple's business, analyst sees 220M sold in both 2018 and 2019

While services will continue to grow into a massive entity on its own, longtime analyst Gene Munster says that the iPhone will remain a "stable business for the next few years."

Stephen Silver 8 years ago 11

By the numbers: iPhone X propels Apple's record second quarter

The continued impact of the iPhone X has expectedly reverberated into Apple's second financial quarter of 2017 an interesting one — but not quite how analysts thought they would. The changes over time are best illustrated graphically, showing the magnitude of the quarter, as compared to the same quarter from of years past.

Malcolm Owen 8 years ago 12

Apple's services business continues monster growth, revenues up 31 percent in record-breaking March quarter

Apple posted $9.19 billion in services revenue over the course of its second fiscal quarter of 2018, a figure up 31 percent year-over-year. The massive uptick doubles services revenue recorded just four years ago.

Stephen Silver 8 years ago 15

Amazon touts 100M Prime users as Apple quietly passes a quarter-billion paid subscriptions

Apple now has a customer base of more than 250 million paid subscriptions across its Services offerings of Apple Music, iCloud and App Store continuing payments. Viewed against Amazon's recent announcement of 100 million Prime members, that figure is substantial. But Apple is also adding around 30 million new subscriptions every quarter.

Daniel Eran Dilger 8 years ago 30

Apple Music expected to grow 40% annually for next three years, drive Services growth

An analyst predicts that Apple Music's dramatic growth over the next three years will be another major factor driving services revenue upward, but may push down overall margins.

Mike Wuerthele 8 years ago 22

Apple expected to launch paid news subscription service on back of Texture magazine buy

As part of folding the Texture "Netflix for magazines" service into its own products, Apple appears poised to fire up a premium subscription offering integrating curated news to continue to grow services revenue.

Mike Wuerthele 8 years ago 11

Explosive Apple Services growth expected to be main engine for future revenue expansion

Apple may not be reliant on massive seasonal sales of the iPhone going forward for steady revenue growth, if a new analyst report is accurate.

Mike Wuerthele 8 years ago 13

Apple's services business booms amid continued reports of weak iPhone X demand

Apple's services business is booming, and it could serve to offset reported softness in demand for the iPhone X, as well as smooth out the valleys in seasonal earnings drops expected to arrive this quarter.

Stephen Silver 8 years ago 17

Apple's services business alone now the size of a Fortune 100 company, beats out Facebook

With Tuesday's earnings report, Apple has officially met its projections of its services alone being the equivalent to a Fortune 100 company.

Mike Wuerthele 8 years ago 10

'Fair Repair Act' proposal in New York under fire by Apple lobbyists

A bill currently on the table which would require electronics companies to sell replacement parts and service tools to the general public is being challenged by a lobbyist group being funded by Apple.

Mike Wuerthele 9 years ago 55

See how Apple's Services arm is on track to become as large as a Fortune 100 company this year

Last year, Apple Chief Executive Tim Cook suggested the company's "Services" business could grow to the size of a Fortune 100 company within 2017. After the company's second fiscal quarter of 2017, Apple's steadily growing Services business — encompassing Apple Music, the App Store and more — is well on the way to matching Cook's prediction.

Malcolm Owen 9 years ago 25

Apple services, "Other" revenue sources impress with massive Q2 growth

In a strong second fiscal quarter performance, both services and the "other" categories stand out, with 18 percent and 31 percent growth versus 2016, respectively.

Mike Wuerthele 9 years ago 19

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