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Apple Ups Q4 Services Revenue to $19.2 Billion

Apple Oct. 27 reported fourth quarter (ended Sept. 24) services revenue of $19.2 billion, up 5% from revenue of $18.3 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.

For the fiscal year, services revenue topped $394 billion, up 8% from revenue of $366 billion last year. The Cupertino, Calif.-based tech giant posted record Q4 revenue of $90.1 billion, up 8% from $83.4 billion year over year.

In the quarter Apple sold $42.6 billion worth of iPhones, up almost 10% from $38.8 billion in the previous-year period. Mac sales increased 25% to $11.5 billion from $9.2 billion. Sales of iPad declined 13% to $7.2 billion from $8.2 billion. Wearables, home and accessories revenue increased almost 10% to $9.65 billion from $8.8 billion.

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For the year, Apple sold $205.5 billion worth of iPhones, up 7% from $192 billion in the previous-year period. Mac sales increased 14% to $40.2 billion from $35.2 billion. Sales of iPad declined 8% to $29.3 billion from $31.9 billion. Wearables, home and accessories revenue increased more than 7% to $41.2 billion from $38.4 billion.

“Our record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop,” CFO Luca Maestri said in a statement.

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