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Apple Looks To Future Of Internet-Connected Devices

  • Quartz, Thursday, January 28, 2016 10:24 AM

Apple just reported its first-quarter earnings results, and although sales of iPhones, iPads, and Macs were either flat or lower than the same quarter last year, there was one bright spot in the company’s revenue: its services business.  According to a footnote in Apple’s breakdown of its quarterly revenue, its “Services” bracket incorporates “Internet Services, AppleCare, Apple Pay, licensing and other services.” While Apple’s services business only accounts for about $7 billion of the roughly $75 billion revenue figure for the quarter, the business line has doubled since Apple first started reporting it at the end of 2011. It likely also includes sales of films, TV shows and music from iTunes, Apple Music streaming subscriptions, and apps sold through the App Store.

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