Apple services hit new quarterly record of $15.8 billionApple's services business continues to grow its role.
What you need to know
Apple services reached a new record of $15.8 billion.
The company attributes the performance to four different factors.
Apple today announced record-breaking revenue for the first quarter of 2021, reaching new heights of over $110 billion. As Apple CFO Luca Maestri reviewed on the company's Q1 2021 earnings call, the company also saw record growth in its services business as well.
The company reached a new record of $15.8 billion with its services business in the first quarter, growing 24% year over year.
Turning to services. As I said, we reached an all-time revenue record of $15.8 billion and set all-time records in App Store, cloud services, music, advertising, AppleCare, and payment services. Our new service offerings, Apple TV+, Apple arcade, Apple News+, Apple Card, Apple Fitness+, as well as the AppleOne bundle are also contributing to overall services growth, and continue to add users, conte...
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Apple services hit new quarterly record of $15.8 billion
