Apple's Services Revenue Hits New All-Time High of $14.5 Billion in Q4 2020
Apple's services category, which includes iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+ and more, continues to see major growth each quarter.
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According to today's earnings report covering the fourth fiscal quarter of 2020 (third calendar quarter), Apple's services segment brought in $14.5 billion, up from $12.5 billion in the fourth fiscal quarter of 2019.
Over the course of the last fiscal year, services earned $53.8 billion, up from $46.3 billion in fiscal 2019.
Apple's number of paid accounts reached a new all time high with double digit growth, and paid subscriptions grew more than 35 million compared to last quarter. Apple now has 585 million paid subscribers, up 135 million from a year ago.
Apple has plans to add to its services offerings, with new products coming as soon as tomorrow. Apple One will offer bundles of services like Apple Music, Apple Arcade, and Apple TV+ at reduced prices, while Fitness+ is a new $9.99 per month service that will provide guided workouts to Apple Watch users.
Apple One is launching on Friday, October 30, and Apple Fitness+ is launching later this quarter.
Top Stories
During today's earnings call covering the second fiscal quarter of 2021, Apple CEO Tim Cook was asked about Apple TV+ and whether he would provide details on how many paid subscribers the service has.
Cook declined to provide specific numbers, but he said that Apple TV+ is going "very well" and that Apple feels "really good" about where Apple TV+ is at.TV+ is going very well, as you know the ...
As of today, Apple has failed to add any new games to Apple Arcade for two months. Prior to April 2, the company added new games to Apple Arcade intermittently on Fridays, similar to how Apple TV+ content is released, but since the launch of new categories of games two months ago, the service has seemingly taken a backseat.
On April 2, Apple announced that 30 new games would immediately...
The Mac experienced momentous growth in the first quarter of this year, with shipments growing by 111.5% compared to the same time period last year, according to market data from IDC.
The data shows that the whole PC industry grew year-over-year, despite the global health crisis and component shortages. In Q1 of the year, Apple shipped roughly 6.7 million Macs, representing 8% of the whole...
Apple today announced that its mobile gaming subscription service, Apple Arcade, is gaining 30 classic games including "Fruit Ninja," "Monument Valley," "Solitaire," and "Cut the Rope" as the service passes a total of 180 titles.
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Verizon today announced that customers with unlimited, "Play More," or "Get More" plans will receive up to a year of Apple Arcade or Google Play Pass for free.
Starting May 25, new and existing Verizon customers will be eligible to get six months of Apple Arcade or Google Play Pass for free with any unlimited plan, or 12 months of Apple Arcade or Google Play Pass with "Play More" or "Get...
Apple's Wearables, Home, and Accessories category reached record revenue numbers in the second fiscal quarter of 2021 (first calendar quarter), hitting $7.8 billion, up from the $6.3 billion it earned in the year-ago quarter.
Wearables, Home, and Accessories growth revenue was up a total of 25 percent combined. Apple CEO Tim Cook said that wearables growth was up thanks to strong sales of...
Apple's services category, which includes the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, Apple Fitness, and more, saw record growth during the second fiscal quarter of 2021 (first calendar quarter). According to Apple's earnings report, the services segment brought in $16.9 billion, up 27 percent from the $13.4 billion in revenue...
As people continue to work and learn from their homes, Apple's Mac and iPad sales during the holiday quarter have seen ongoing growth, with Apple reaching a new all-time quarterly revenue record for the Mac category thanks to 21 percent year-over-year growth.
During the first fiscal quarter of 2021 (fourth calendar quarter of 2020), Apple's Mac category brought in $8.7 billion, up from $7.2...
Apple has regained its third-place position in the annual Fortune 500 rankings of the largest companies in the United States by revenue.
Apple earned $274.5 billion in revenue in the last fiscal year, an increase of 5.5 percent, and made $57.4 billion in profit, a 3.9 percent increase.
Last year, Apple fell to fourth place, but now the company returned to third place, only surpassed by...
SteelSeries, the makers of popular gaming controllers for Apple devices, has today announced that all purchases of the Nimbus+ Wireless Gamepad Controller will come with up to four free months of Apple Arcade.
The SteelSeries Nimbus+ Wireless Gamepad Controller delivers a "console-quality experience" with Apple Arcade's library of games.
Iterating on the original Nimbus controller, the...
Top Rated Comments
I wonder how much is AppleCare too.
I get the picture they're trying to paint ("we're not just an iPhone company"). But, it would be interesting to see how much of that services revenue is tied directly to iPhone (and then Mac). This is somewhat understandable. They're building an ecosystem. But they previously tried to make the case (I can't find the quote) that a good chunk of this new services business was independent of iPhone. It's not. We know it.
They're trying to make the case while they try to build out an actual services business. That's all well and fine. But stockholders who are seeing services as a key growth area might be aware that it could be a bit of a "potemkin village" right now.