Apple Services Rakes In $9.55b Last Quarter, Up 31 percent From 2017 Third Quarter

Apple services category which like iTunes, App Store, Apple Music and iCloud among other services has continued to grow at a healthy rate. This category is now growing to becoming an important contributor to the overall Apple revenue outlook.


Apple services raked in $9.55b up 31 percent from the same third quarter in 2017 when it came in at $7.27b.


As per Apple CEO Tim Cook, Apple feel good about the future of its services division, and the organisation saw activities pick up in double digits especially in the area of installations.

Apple Music grew in excess of 50 percent year-over-year with 50 million subscribers from May (against Spotify"s 85m subscribers) and AppleCare expanded at its most astounding rate in 18 quarters. Apple"s cloud administrations income was up 50 percent year over year, and correspondences services, including FaceTime and Messages, are hitting record-breaking use highs. Siri usage for have surpassed 100 billion, and articles read on Apple News have multiplied year over year.


Subscriptions surpassed $300m which is an increase of 60 percent year on year. There are now about 30,000 apps in the App Store which require subscription which is why Tim Cook says subscription is now a significant contributor to its services revenue.


The App store saw an increased number of visitors as well and according to a third party report which Apple was quick to cite, the App Store saw two times the revenue of the Google Play Store. The App Store revenue jump can partly be attributed to the recent expansion of Apple ads search services to countries like France, Japan, Germany and South Korea.


Apple Music grew in excess of 50 percent year-over-year with 50 million subscribers from May (against Spotify"s 85m subscribers) and AppleCare expanded at its most astounding rate in 18 quarters. Apple"s cloud administrations income was up 50 percent year over year, and correspondences services, including FaceTime and Messages, are hitting record-breaking use highs. Siri usage for have surpassed 100 billion, and articles read on Apple News have multiplied year over year.

Apple said back in 2017 that it expects its services unit to rake in a revenue of $14b per quarter by 2020 and as difficult as it sounds, it looks like it might be well in view considering Apple"s one billion dollar investment in original content for its TV and other music exclusives. They have also reportedly poached Jamie  Erlicht and Zack Van Amburg who are the people behind hit TV shows like Breaking Bad and The Crown even though they face an uphill battle in competing with the likes of Netflix who have made investments like $8b for original content. That said though, Apple was a later comer into the paid music streaming service and has since grown to 50 million users in three years. Spotify on the other hand launched in October 2008 and now has 85 million users.


Apple Pay, Music and TV are three services that could help Apple achieve its $14b per quarter target because of the growth they have recorded.

- https://www.techbooky.com/apple-services-rakes-in-9-55b/

Comments

Post a Comment

Popular posts from this blog

How is Technology Changing Our Definition of What It Means to Be a Human?

Image
The addition of the technology in the life of the humans has affected their lives in more ways than humans can imagine. Now the humans find it hard to even imagine their lives without the existence of the technology. Spectrum Plans are loved by the majority of the residents of the United States because of the good and consistent quality at affordable rates. Where the use of the technology has changed many things about the humans, the public is wondering how the addition of the technology in everyday life of the humans has changed the definition of humans. The debate has been going on different social media platforms for a long time now. Here are some highlights of this hot debate. Connection and Freedom of the Speech With the help of the social media platforms, the majority of the individuals are connected to each other now even if they are living hundreds of miles away. The connection provides humans a chance to speak and share their ideologies and beliefs openly in front of the world
Read more

Microsoft Improves Office 365 Device Limits For Subscribers

Image
Microsoft’s Office 365 service has been a great deal for a long time, and it’s eventually getting better— Soon, Office 365 Home will let six users install an unlimited number of Office applications. In an announcement , recently made by Microsoft, currently the improvement for Office 365 users in which the Office 365 Home allows up to five users but now, what’s new is that Microsoft is raising this limit to six, so each Office 365 Home account gets an additional user. Office 365 is essentially a Microsoft Office subscription. While the family plan, named Office 365 Home, costs $100 per year. For that price, five (soon six) people can install the latest versions of Microsoft Office on their PCs, Macs, tablets, and phones. Each person gets 1TB of OneDrive storage too. Microsoft has made a few account changes that are taking effect immediately. After signing up for Office 365, all user accounts in your Microsoft Family will be automatically given access. You can manage your subscription
Read more

Instagram Adds Emoji Shortcuts For Quicker Comments

Image
If you can"t post comments without tossing in at least one emoji to make your feelings clear, you"ll be glad to know that Instagram has your back. After months of testing, Instagram has introduced an emoji shortcut bar on Android and iOS that offers quick access to your most-used icons when wading into a post"s comments. You won"t have to sift through your phone keyboard emoji selection when you want to send someone a heart touching emoji or tell them their new look is fire. The new shortcut bar is available in a post"s comments section. While typing a comment, you will be shown the set of your most-used emoji. Only the most-used emoji will be available in the shortcut bar. If you want to use a new emoji, you will have to sift through the keyboard manually. Now, you will also have new Superzoom effects to add to your Instagram stories. The new set includes a heart-filled fog with music, paparazzi camera flashes, fire with rock music in the background, a big re
Read more