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Apple ’s iPhone sale may be down , but the company ’s Services division , which includes the App Store , iCloud , Music , TV+ , and other subscriptions , is still soar .
The Cupertino - based technical school giantreportedThursday its Services patronage had an all - clip tax income richly of $ 26.3 billion for the stern ended December 28 , up 14 % year - over - year . Robert William Service generated nearly $ 100 billion in revenue over the past year , CEO Tim Cook said during Thursday ’s earnings call . In addition , Apple report have more than 1 billion subscriptions across its services , including through third - political party apps in the App Store .
The ship’s company enounce that customer engagement with its services , including both transacting and pay accounts , reached record high . Paid accounts and subscriptions both grew by dual digits year over year .
Apple pointed to expansions of specific offering like Apple Arcade , which continue to add biz and Fitness+ , which adds new programs . It also noted Apple’sTap to Payfor iPhone , which is now live in 20 grocery .
Regulatory impact
On the subject of subscription , investors want to have it away how a new regulatory surroundings could potentially affect these numbers .
While investors did n’t outright ask about the Trump giving medication ’s impact on Apple tax income directly , one motion focused on whether new regulative change could be beneficial . That is , would a “ more balanced regulative environment ” potentially reverse prior headwinds that Apple may now be draw in its outcome ?
Apple ’s CFO , Kevan Parekh , skirted the interrogation , reiterating alternatively the positivist numbers for Services and add that customer engagement was increasing across the client base , all its services offerings , and geographic regions . CEO Tim Cook did n’t respond to the question .
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For years , Apple has defended itself over antimonopoly lawsuits and other governmental action , both in the U.S. and abroad . The core debate has centered on how much of a share Apple is absolve to take from the apps it host on its App Store and the minutes that flow through them .
Last class , one key antitrust case finally come to an end when the U.S. Supreme Courtultimately declined to hearan appeal on the Epic - Apple decision , initially filed by the Fortnite secret plan maker . That means the lower court ’s conclusion that the technical school colossus was not a monopoliser still stands .
However , that decision did mean Apple has to provide app makers to steer customers to the World Wide Web from data link inside their apps .
Though the lawsuit was largely in Apple ’s favor , Epic won a similar eccentric with Google . Given the partial triumph , other developers may have been inspired to quest for their own effectual natural action against Apple or Google , hoping to persist in carving away at Apple ’s chokehold on the app distribution market place .
