Apple's Services Achieve All-Time Quarterly Revenue Record

Apple today reported services revenue of $18.27 billion in the fourth quarter of its 2021 fiscal year, which is an all-time quarterly revenue record. The company's services revenue was up around 25% from $14.54 billion in the year-ago quarter.

apple services newsroom
Apple's services category includes revenue generated from the App Store, Apple Music, Apple Arcade, Apple Pay, Apple Card, Apple TV+, Apple News+, Apple Fitness+, AppleCare+, iCloud, iTunes Store, licensing, and more.

Cook told CNBC that Apple has 745 million paid subscriptions, ranging from Apple Music subscriptions to in-app subscriptions through the App Store.

"That's up 160 million year on year, which is up five times in five years," said Cook. "So it's been quite the growth cycle."

Apple's financial chief Luca Maestri said the company set September quarter revenue records across each of its services, and he said Apple's active installed base of all devices reached a new all-time high across all of its geographic segments.

Maestri said Apple's services category brought in $68 billion revenue in the 2021 fiscal year, which is nearly triple the company's services revenue six years ago.

Earlier this week, Apple announced that Apple Fitness+ subscribers can now use SharePlay to start a group workout or meditation with their friends while on a FaceTime call. Apple Fitness+ is also expanding to 15 more countries on November 3.

Apple reported overall revenue of $83.4 billion for the quarter, which ran from late June through late September of this year.

Top Rated Comments

chucker23n1 Avatar
32 months ago

How does AppleCare+ classify as a service?
What else does it classify as? It's not a good. It's a service.
Score: 6 Votes (Like | Disagree)
dguisinger Avatar
32 months ago

This profit helps Apple’s margins and allows Apple to keep hardware margins lower.
.....
you seriously think they are keeping their margins lower because they are making money elsewhere?
when has there ever been evidence of that?
Score: 3 Votes (Like | Disagree)
neuropsychguy Avatar
32 months ago
This profit helps Apple’s margins and allows Apple to keep hardware margins lower.

Edit: this should read: "Services profit and margins help Apple's overall margins remain in the historical 40% range while allowing Apple to have lower hardware margins."
Score: 2 Votes (Like | Disagree)
dumastudetto Avatar
32 months ago

This profit helps Apple’s margins and allows Apple to keep hardware margins lower.
Apple always strives to keep prices as low as possible for customers, while also maintaining margins high enough to continue investing in building the best-of-breed products and services we all love. It's a win-win for everyone.
Score: 1 Votes (Like | Disagree)
usagora Avatar
32 months ago

What else does it classify as? It's not a good. It's a service.
Shows how much you know. Check out my AppleCare+ unboxing video on YouTube.
Score: 1 Votes (Like | Disagree)
sinoka56 Avatar
32 months ago

This profit helps Apple’s margins and allows Apple to keep hardware margins lower.
This helps Apple diversify their income sources to increase their value and keep stockholders happy.
Score: 1 Votes (Like | Disagree)

Popular Stories

reset password request iphone

Warning: Apple Users Targeted in Phishing Attack Involving Rapid Password Reset Requests

Tuesday March 26, 2024 4:34 pm PDT by
Phishing attacks taking advantage of Apple's password reset feature have become increasingly common, according to a report from KrebsOnSecurity. Multiple Apple users have been targeted in an attack that bombards them with an endless stream of notifications or multi-factor authentication (MFA) messages in an attempt to cause panic so they'll respond favorably to social engineering. An...
iPhone Home Screen Gradient Blank Spaces 1

Sources: iOS 18 Lets Apps Be Placed Anywhere on Home Screen Grid

Sunday March 24, 2024 1:33 pm PDT by
iOS 18 will give iPhone users greater control over Home Screen app icon arrangement, according to sources familiar with the matter. While app icons will likely remain locked to an invisible grid system on the Home Screen, to ensure there is some uniformity, our sources say that users will be able to arrange icons more freely on iOS 18. For example, we expect that the update will introduce...
Generic iOS 18 Feature Purple

iOS 18: What to Expect From 'Biggest' Update in iPhone's History

Wednesday March 27, 2024 11:10 am PDT by
At least some Apple software engineers continue to believe that iOS 18 will be the "biggest" update in the iPhone's history, according to Bloomberg's Mark Gurman. Below, we recap rumored features and changes for the iPhone. "The iOS 18 update is expected to be the most ambitious overhaul of the iPhone's software in its history, according to people working on the upgrade," wrote Gurman, in a r...
maxresdefault

Apple Announces WWDC 2024 Event for June 10 to 14

Tuesday March 26, 2024 10:02 am PDT by
Apple today announced that its 35th annual Worldwide Developers Conference is set to take place from Monday, June 10 to Friday, June 14. As with WWDC events since 2020, WWDC 2024 will be an online event that is open to all developers at no cost. Subscribe to the MacRumors YouTube channel for more videos. WWDC 2024 will include online sessions and labs so that developers can learn about new...
apple maps 3d feature

Apple Maps May Gain Custom Routes With iOS 18

Tuesday March 26, 2024 3:10 pm PDT by
Apple may be planning to add support for "custom routes" in Apple Maps in iOS 18, according to code reviewed by MacRumors. Apple Maps does not currently offer a way to input self-selected routes, with Maps users limited to Apple's pre-selected options, but that may change in iOS 18. Apple has pushed an iOS 18 file to its maps backend labeled "CustomRouteCreation." While not much is revealed...
iPad Pro 2024 Landscape Camera Feature

New iPad Pro Again Rumored to Feature Landscape Front-Facing Camera

Monday March 25, 2024 5:43 am PDT by
The next-generation iPad Pro will feature a landscape-oriented front-facing camera for the first time, according to the Apple leaker known as "Instant Digital." Instant Digital reiterated the design change earlier today on Weibo with a simple accompanying 2D image. The post reveals that the entire TrueDepth camera array will move to the right side of the device, while the microphone will...
sonoma desktop wwdc

Apple Releases macOS Sonoma 14.4.1 With Fix for USB Hub Bug

Monday March 25, 2024 10:10 am PDT by
Apple today released macOS Sonoma 14.4.1, a minor update for the macOS Sonoma operating system that launched last September. macOS Sonoma 14.4.1 comes three weeks after macOS Sonoma 14.4. The ‌‌‌‌macOS Sonoma‌‌ 14.4‌.1 update can be downloaded for free on all eligible Macs using the Software Update section of System Settings. There's also a macOS 13.6.6 release for those who...