Apple services revenue hits all time high , despite it all
I’m finding this information a little counter-intuitive, but it looks like Apple’s services revenue made up for the impact of the iPhone slump shortfall.
That’s great, but I’ve become a little curious how this all fits together.
Apple’s fiscal release follows:
Total Revenue Grows, Services Revenue Reaches New All-Time High of $13.3 Billion
Tim Cook said
“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” said Tim Cook, Apple’s CEO.
“In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive. We feel motivated and inspired to not only keep meeting these needs in innovative ways, but to continue giving back to support the global response, from the tens of millions of face masks and custom-built face shields we’ve sent to medical professionals around the world, to the millions we’ve donated to organizations like Global Citizen and America’s Food Fund.”