Wednesday, May 03, 2017

Why Apple’s Services business is so valuable - Recode

Check the full post for more Apple services details; also see Apple’s Q2 earnings in five charts (Recode)

"Apple’s Services segment generated $7 billion in revenue last quarter, its “highest revenue ever for a 13-week quarter.”

It was the second quarter in a row that Services revenue passed $7 billion. And “it's well on the way to being the size of a Fortune 100 company,” CEO Tim Cook said during the company’s earnings call.

For context, that’s a much bigger business than other notable internet services, such as Netflix and Amazon Web Services."
Why Apple’s Services business is so valuable - Recode
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