Apple Services Revenue Hits $17.5B
. Apple CEO Tim Cook lauded the company’s Emmy noms on its earnings call, saying he was “proud” of the nominations, and that it “speaks to the quality of our programming and the enthusiastic reception from users and critics alike.”Apple CFO Luca Maestri told analysts that the company had “more than 700 million paid subscriptions” across its services division, including Apple TV+, Apple Music, News and Games.
Maestri also said that while Apple expects its services revenue to grow next quarter, it does not expect the same level of growth it saw this past quarter. “We expect our services growth rate to return to more normal,” he added, noting this past quarter benefitted from a comparison to the same quarter a year ago, at the beginning of the COVID-19 pandemic, with Maestri specifically calling out the performance of the company’s advertising business and AppleCare.
Overall, Apple reported revenue of $81.4 billion, up 36 percent year over year, and quarterly earnings per diluted share of $1.30. Read more: Hollywood Reporter »
World's youth take to the streets again to battle climate change
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