Apple Services Revenue Hits $17.5B

Apple Services Revenue Hits $17.5B

Apple’s services business continues to grow at a torrid pace.

The company said Tuesday that its services business, which includes Apple TV+, Apple Music, the app store and iCloud, delivered $17.5 billion in revenue in the third fiscal quarter of 2021, which ended June 30. That is up from $13.1 billion in the same quarter a year ago, and from $16.9 billion last quarter.

As usual, Apple did not break down how its services revenue was distributed, or how many subscribers to had to each service.

Last quarter Apple CFO Luca Maestri told analysts that the company had “more than 660 million paid subscriptions” across its services division, including video music, news and games, and that its video, music, games and advertising businesses all had their best quarters yet, but gave no further specifics.

Overall, Apple reported revenue of $81.4 billion, up 36 percent year over year, and quarterly earnings per diluted share of $1.30.

Apple’s earnings report comes just a few weeks after Apple TV+ scored some 35 Emmy nominations, led by its comedy Ted Lasso.

This article was originally published by The Hollywood Reporter.

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