Apple’s Services Revenue Reaches All-Time High
Apple’s services revenue reaches an all-time high for 2019 Q4, according to Apple’s press release. US $ 12.5 billion of the total quarterly revenue of $64 billion — a two-percentage-point spike from 2018 Q4’s total quarterly revenue of $62.9 billion. Apart from the Services Revenue, the earnings per share (EPS) on Q4 also set a new record at $ 3.03, up by four percentage points. Meanwhile, the operating cash flow reached $19.9 billion. Rapid growth Apple’s services division consists of Apple Pay, Apple Music, iTunes and the App Store, and other services the company provides. According to Apple, this division…
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