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Services: Investors are closely watching Apple, which is increasing its revenue from software and services – a catch-all category that includes the App Store, Apple Care, Apple Pay, iTunes and Internet Services. cloud computing. The segment outperformed the iPhone business growth for several quarters.
Apple posted $ 9.55 billion in services revenue for the third quarter – a 28 percent jump from the same quarter of the previous year. That exceeds Wall Street's estimates of $ 9.21 billion and represents the highest quarterly business figure to date.
"We are proud of the growth of our service activities and we are well on our way to achieving our goal of doubling our service revenues for the 2016 fiscal year by 2020," he said. said Cook during the conference call. The business figure is in part the result of a one-time item of $ 236 million related to lawsuits, the company said, but also an increase in paid subscribers via the Internet. App Store, a 50% increase in cloud revenue usage rate "Apple Pay continues to grow with more than a billion transactions last quarter, triple what it was a year ago, growth accelerated from the March quarter, "Cook said. "To put this phenomenal growth into perspective, we have made more transactions in the last quarter than large companies like Square and more mobile transactions than PayPal."
Prospective Orientation: According to StreetAccount, the quarter's sales figure would be between $ 60 and $ 62 billion, against $ 59.47 billion according to Wall Street.
The company's most recent quarterly reports have been plagued by speculation about the saturation of the smartphone market and the end of the so-called "supercycle". While Apple is anticipating its fourth fiscal quarter, when it traditionally introduces new iPhone models, the company's advice could shed light on Apple's ongoing phone ambitions. Apple is generally launching new iPhone models by the end of the quarter, in mid-September.
China: Apple has so far avoided the fallout of an ongoing trade war with China. But with each country raising tariffs, Apple's deep roots in China could begin to feel the effects. Much of Apple's supply chain is in China, and the mainland country is the second largest source of business income, according to FactSet, behind the United States
The company has allocated $ 9.55 billion of revenue to China. percent from one year to the next, but a 29 percent decrease from one quarter to the next.
"The iPhone X was the most popular smartphone in urban China for the second consecutive quarter," Cook told CNBC. "In fact, iPhones were the top three best-selling smartphones in urban China."
-CNBC
Josh Lipton
contributed to this report.
This story develops. Please check again for updates.
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