In the fourth quarter of 2020, Apple’s service revenue hit a record high, reaching $14.5 billion | Instant News

Apple’s service categories, including iTunes, app Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Store, Apple News+ And more, each quarter will continue to achieve significant growth.

According to today’s financial report covering the fourth quarter (third quarter) of 2020, Apple’s service department brought in $14.5 billion in revenue, higher than the $12.5 billion in the fourth quarter of 2019.

In the last fiscal year, service revenue was $53.8 billion, up from $46.3 billion in fiscal 2019.

Apple’s number of paid accounts hit a record high, a double-digit increase, and paid subscriptions increased by more than 35 million compared to the previous quarter. Apple now has 585 million paying users, an increase of 135 million from a year ago.

Apple plans to increase its range of services and launch new products tomorrow. Apple One Bundled services such as ‌Apple Music‌, ‌Apple Arcade‌ and ‌Apple TV‌ + will be provided at discounted prices, while Fitness+ It is a new service for $9.99 per month that will provide guided exercises for Apple Watch users.

Apple One Launching On Friday, October 30th, Apple Fitness+ will be launched later this quarter.


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