Apple’s Services Revenue Hits New All-Time High of $14.5 Billion in Q4 2020

Apple’s services category, which incorporates iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, and more, continues to see major progress every quarter.

According to today’s earnings report covering Q4 2020 (third calendar quarter), Apple’s services section brought in $14.5 billion, up from $12.5 billion within the fourth fiscal quarter of 2019.

Read:  Apple Slips to Fourth Place for Smartphone Market Share, Overtaken by XiaomiOver the course of the last fiscal year, providers earned $53.8 billion, up from $46.3 billion in fiscal 2019.

Apple has planned so as to add to its services offerings, with new products coming as soon as tomorrow. Apple One will supply bundles of providers like ‌Apple Music‌, ‌Apple Arcade‌, and ‌Apple TV‌+ at diminished costs, whereas Fitness+ is a new $9.99 monthly service that can provide guided workouts to Apple Watch users.

Also Read: Reddit will allow employees to work from anywhere, going forward

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