Apple’s Services Revenue Hits All-Time High of $15.8B Billion in Q1 2021

Apple’s services category, which includes the App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple News+, Apple Fitness, and more, saw significant growth in the first fiscal quarter of 2021 (fourth calendar quarter of 2020).


According to Apple’s latest earnings report, the services segment brought in $15.8 billion, up from $12.7 billion in the year-ago quarter.

Apple now has more than 620 million paying subscribers, reaching a goal that it set to have 600 million by the end of 2020.

Across 2020, the ‌App Store‌ grossed more than $64 billion according to a recent report from CNBC. That’s up from an estimated $50 billion in 2019. Apple does not confirm ‌App Store‌ sales number, but Apple earlier this month said that $200 billion has been paid out to developers since 2008, a figure that’s up $45 billion from the numbers provided in January 2020.

Late in 2020, Apple introduced its Apple One services bundles that pair up services like ‌Apple Music‌‌, ‌‌Apple Arcade‌‌, and ‌‌Apple TV+‌‌ at reduced prices, and it unveiled Apple Fitness+, a $9.99 per month service that provides guided home workout options to Apple Watch owners.

This article, “Apple’s Services Revenue Hits All-Time High of $15.8B Billion in Q1 2021” first appeared on MacRumors.com

Discuss this article in our forums