What you need to know
- Apple's services category is now bigger than Apple itself was ten years ago.
- The category now accounts for 21% of Apple's revenue.
- It played a big part in Apple hitting $53.8 billion in quarterly earnings in Q3 2019.
During its third quarter earnings call earlier this week, Apple delivered good news as it beat estimates and saw revenue reach a new June quarter record. Chief among the reasons it did so was its services category which continues to grow exponentially. In fact, the services category is now bigger than Apple was as a whole ten years ago according to Horace Dediu.
Apple's services category now accounts for 21% of its business, marking the biggest slice of revenue the category has ever held for the company. That comes as good news as the iPhone dipped under 50% of Apple's for the first time since 2012.
In total, Apple's services category is now worth more than Apple was in third business quarter of 2009, back when the iPhone hadn't hit its stride and the iPod was still a big seller. This all led to Apple hitting $53.8 billion in quarterly revenue, up 1% from year-to-year.
With iPhone sales slowing down and Apple redoubling on services with the more services coming this fall, Apple certainly sees this category as a way to offset curving iPhone demand. So far, it has worked out very well.
We may earn a commission for purchases using our links. Learn more.
Apple releases iPadOS 13.6.1
Apple has released iPadOS 13.6.1 to the public. It's a minor update with bug fixes and performance improvements.
Review: Urbanista London Wireless Earbuds offer sophisticated features
Urbanista's London Wireless Earbuds have an array of advanced features, such as Advanced Noise Cancelling, Ambient Sound Mode, wireless Qi charging, in-ear detection, touch controls, and more.
Tweetbot for iPad gains trackpad support, now opens links in more browsers
Tweetbot fans can now use a trackpad or mouse when they're doing their Tweeting from an iPad.
Protect your iPhone 11 Pro with these great cases
Whatever your style or protection needs, you can find a case to match them for your iPhone 11 Pro.