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Apple Services Revenue Hits All-Time Record as Company Tops 1B Paid Subscriptions

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The iPhone maker’s services business, which includes Apple Music, hit $21.2 billion in the quarter.

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The company revealed the number in its quarterly earnings report, disclosing total revenue of 81.8 billion, a decline of 1 percent from a year ago. This is the third consecutive quarter to see a decline in revenue from Apple, thanks to slower sales of its hardware devices, like the iPhone and Mac lines. Net income was $19.9 billion.However, its services business continues to grow at a rapid pace, hitting $21.2 billion in the quarter, up from 19.6 billion last year.

 

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