Apple's Services Segment Sees Double-Digit Growth in Q3 2020
Apple's services category, which includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, and more, continues to see major growth each quarter.
According to today's earnings report covering the third fiscal quarter of 2020, Apple's services segment brought in $13.2 billion, up nearly $2 billion from the $11.5 billion earned in the third quarter of 2019, marking a June quarter record.
Apple CEO Tim Cook said that Apple's record third quarter earnings of $59.8 billion were driven by double-digit growth in products and services.The App Store, Apple Music, and video and cloud services saw record revenue, though revenue from AppleCare and ads was down.
According to Cook Apple has successfully achieved its 2016 goal of doubling its services revenue, hitting the milestone six months ahead of expectations.
Popular Stories
As of April 1, payment processing is no longer available for purchases made across the App Store and other Apple services in Russia, according to Apple.
In a new support document, Apple said new purchases, in-app purchases, and subscription renewals are no longer available in Russia unless a user already has funds in their Apple Account balance, which can continue to be used.
This change...
Apple plans to ask the United States Supreme Court to weigh in on the App Store fee restrictions and contempt of court ruling levied against it in the ongoing Epic Games vs. Apple legal battle.
In a filing on April 3 (via TechCrunch), Apple asked the Ninth Circuit Court of Appeals to hold off on a plan that would see the U.S. Northern District of California decide on a reasonable commission...
Apple appears to be quietly updating some apps, based on curious new update notes that have appeared on the App Store.
Over the last week, some app updates have included notes that suggest the update is coming from Apple rather than an app developer. "This update from Apple will improve the functionality of this app. No new features are included," reads the description.
Some of the apps...
