Apple reports Q4 revenue from Services, which includes the App Store, Apple TV, Apple Music, iCloud, and more, grew 10% YoY to $31.57B, vs. $31.58B est. (Loree Seitz/The Wrap)
Fourth-quarter financial results revealed that the Services division expanded by 10% year over year, reaching $31.57 billion. While this represents robust expansion, the final figure came in marginally below the $31.58 billion anticipated by Wall Street analysts. The vital segment encompasses consumer-facing platforms including the App Store, Apple TV, Apple Music, and iCloud storage offerings.
Key points
Services revenue missed overall market expectations by a very narrow margin of ten millio…: Services revenue missed overall market expectations by a very narrow margin of ten million dollars.
Key ecosystem platforms including Apple Music, iCloud, and the App Store drove segment pe…: Key ecosystem platforms including Apple Music, iCloud, and the App Store drove segment performance.
Double-digit annual growth demonstrates sustained consumer spending across the company's…: Double-digit annual growth demonstrates sustained consumer spending across the company's proprietary service offerings.
Sources checked by our analysis pipeline: 1
Apple: |
Marcus Mendes / 9to5Mac: |
Bailey Lipschultz / Bloomberg: |
Ashley Capoot / CNBC: |
Yasutaka Tamura / Bloomberg: |
Anhata Rooprai / Reuters: |
Aaron Tilley / The Information: |
Bruno Ferreira / Tom's Hardware: |
Bloomberg: |
Washington Post: |
Rikiya Takehi: |
Ivan Mehta / TechCrunch: |
Siladitya Ray / Forbes: |
Charlotte Klein / New York Magazine: |
OpenAI: |
Liam Proven / The Register: |
Kelly Cloonan / Wall Street Journal: |
Samantha Subin / CNBC: |
Scott Alexander / LessWrong: |
Matt Burgess / Wired: |
Reuters: |
Todd Spangler / Variety: |
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