Apple Services Revenue Hits All-Time Record as Company Tops 1B Paid Subscriptions
The iPhone maker’s services business, which includes Apple Music, hit $21.2 billion in the quarter.
The iPhone maker’s services business, which includes Apple Music, hit $21.2 billion in the quarter.
Apple’s Q3 earnings presented a mixed bag for the company, as iPhone revenue continued to slide. The handset brought in $39.67 billion for the quarter, down from $40.66 this time last year. The drop certainly isn’t an anomaly amid an overall declining smartphone market. Once again, however, the hardware slowdown was blunted by the company’s…
Services and wearables were bright spots in an otherwise relatively slow quarter.
Coinbase reported its second quarter earnings Thursday after the bell, beating market estimates with $707.9 million in total revenues.
The streamer changed its forecast for annual revenue growth for 2023 to a range of 7% to 10% from its previous expectation of more than 10%.
Revenue grew 21% organically in the quarter ended June 30. The remaining growth came from acquisitions such as The Spinners and Greg Kihn.
Executives say the second half of the year will see more growth, aided by the launch of a new app.
Revenue at the concert promotion giant hit $5.6 billion, generating earnings per share of $1.02.
Universal reported subscription revenues in its recorded music department rose 10.6% in the second quarter.
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