July 28, 2022
Apple July 28 reported third-quarter (ended June 25) services revenue of $19.6 billion, up 12% from revenue of $17.5 billion during the previous-year period. Services revenue includes sales of movies and TV shows on iTunes, the App Store, Mac App Store, Apple Music, Apple Pay, Apple TV+, Apple Arcade, and Apple News+, among others.
Meanwhile, iPhone sales increased 3% to $40.6 billion, compared with $39.5 billion in the previous-year quarter — underscoring sustained appeal of the new iPhone 13 model.
Mac sales fell 11% to $7.4 billion, from $8.2 billion a year ago Apple iPad revenue notched down 2% to $7.2 billion, from $7.4 billion. Wearables and home accessories revenue dropped 8% to $8 billion, from $8.8 billion.