Apple iPhone sales may be reduced, but the company’s service department, which includes the App Store, iCloud, music, television+and other subscriptions, is still increasing.
The Cupertino -based Technological Giant referenced On Thursday, its service business had a high revenue of $ 26.3 billion for the quarter ended on December 28, increased by 14% annually. Services have generated revenue of about $ 100 billion in the past year, Managing Director Tim Cook said during Thursday’s profits. In addition, Apple said it had more than 1 billion subscriptions to all its services, including through third -party applications in the App Store.
The company said customer commitment to its services, including transaction and paid bills, has reached high record levels. Paid bills and subscriptions have increased by double digits during the year.
Apple highlighted extensions of specific bids such as Apple Arcade, which continues to add games and gym+, which adds new programs. Also noted Apple Press to pay For the iPhone, which now lives in 20 markets.
Regulatory effect
On the issue of subscriptions, investors wanted to know how a new regulatory environment could potentially affect these numbers.
While investors did not quite ask about the impact of Trump’s administration on Apple’s revenue, a question focused on whether it could benefit new regulatory changes. That is, could a “more balanced regulatory environment” possibly reverse the previous heads that Apple can now absorb its effects?
Apple’s CFO, Kevan Parekh, contained the question, repeating the positive numbers for the services and adding that customer commitment was increasing throughout the customer base, all service offers and geographical areas. Managing Director Tim Cook did not answer the question.
For years, Apple has defended itself over antitrust lawsuits and other government actions, both in the US and abroad. The basic debate has focused on how much an Apple percentage is justified to get from the applications it hosts on the App Store and the transactions flowing through them.
Last year, a key case of antitrust legislation eventually ended when the US Supreme Court finally refused to hear a appeal to the Epic-Apple ruling, initially filed by the Fortnite game manufacturer. This means that the lower court ruling that the technology giant was not yet monopoly.
However, this decision means that Apple should allow application manufacturers to direct customers to the tissue from the links within their applications.
Although the lawsuit was largely in favor of Apple, Epic won a similar case to Google. Given the partial victory, other developers may have been inspired to carry out their own legal action against Apple or Google, hoping to continue charting Apple’s Chokehold in the Application Distribution Market.
