Driven by its App Stores, Apple's 'Services' business explodes with $7.17 billion in revenue

 Apple’s earnings once again broke records for the company Company is a legal entity made up of an association of persons, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise, but Services stands out, earning the company $7.17 billion just on Apple Pay, digital content, and others.

The $7.17 billion Apple generated in revenue accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers is a new record for the company, 13% higher than last quarter quarter is one-fourth, ¼, 25% or 0.25 and may refer to: Quarter (urban subdivision), a section or area, usually of a town Quarter section, an area of one-fourth of a square mile, or 160 acres (0.65, and 18% higher than the year-ago quarter. Year-over-year, Services posted the largest gain on a percentage basis of all of Apple’s business segments.

Apple CEO Tim Cook noted in the earnings conference call that Apple expects services to be the size of a Fortune 100 company by the end of the year.

Additionally, regarding Services, there are now 150 million million (1,000,000) or one thousand thousand is the natural number following 999,999 and preceding 1,000,001 paid customer subscriptions, over 2 million small businesses are accepting Apple Pay, and the company’s goal is to double the services may refer to business in the next four years year is the orbital period of the Earth moving in its orbit around the Sun.

In July, Cook may refer to: The action of cooking, the preparation of food with heat for consumption Chef, a professional proficient in all aspects of food preparation Cook (profession), a professional who said he expects services, which includes iTunes, iCloud, Apple Music, Apple Pay, Apple Care and the various App Stores, to generate revenues equivalent to that of a Fortune or Fortuné may refer to: Luck, a chance happening, or that which happens beyond a person’s controls Wealth, an abundance of items of economic value Fortune, the predictions made in the process of 500 company by 2017.

Analysts predict that services revenue is expected to grow 17 percent per year through 2021, with a growth refers to a positive change in size, and/or maturation, often over a period of time in hardware revenue of 2.4 percent, with or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album), a continuation of about 30 percent annual growth in Apple apple tree (Malus pumila, commonly and erroneously called Malus domestica) is a deciduous tree in the rose family best known for its sweet, pomaceous fruit, the apple‘s App Stores per year. One analyst analyst is an individual who performs analysis of a topic called the App Store may refer to: A retail store where merchandise is sold, usually a product, usually on a retail basis, and where wares are often kept which is currently the prime mover of Apple’s Services revenue “one of the best business business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers models ever created.”

On Tuesday, Apple reported that its holiday 2016 quarter was the company’s biggest ever, soaring to new heights on sales of 78.3 million iPhones following the launch of the blockbuster iPhone 7 series, exceeding Wall Street expectations by all measures.

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Source: http://appleinsider.com/news/

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