The services segment Apple records double-digit growth in Q3 2020
The category of the Apple service, which includes iTunes, App Store, Mac App Store, Apple Music, Apple Pay, AppleCare, Apple TV, Apple, Arcade, and others, continues to record significant growth in each quarter.
According to the report on the profits, which covers the third quarter of fiscal 2020, the segment of the services Apple has generated $ 13.2 billion, an increase of almost 2 billion, compared with 11.5 billion earned in the third quarter of 2019, marking a record for the June quarter.
Tim Cook has declared that the earnings records in the third quarter to 59.8 billion dollars of the company, were driven by double-digit growth of products and services. App Store, Apple Music, Apple TV + and others, have record sales, although profits generated by AppleCare and advertisements are decreased.
According to Cook, Apple has successfully reached the target of 2016 to double revenues from services, reaching the finish line six months ahead of expectations.