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Apple hits record-high service revenue in Q4

Apple logo black canvasApple released its fourth quarter financial results for the three months ending Sept. 24, 2016. The company posted quarterly revenue of $46.9 billion, down from $51.5 billion in the year-ago period. Net income totaled $9 billion, or $1.67 per share, compared with $11.1 billion, or $1.96 per share, in the same quarter of 2015. Although the overall performance was down from the prior year, Apple did report other highlights.

Most tellingly, the services division posted a record-high revenue of $6.3 billion, up 24%. Apple Music is a part of that department, although the company did not share any specific figures for the streaming platform in its press release.

“Our strong September quarter results cap a very successful fiscal 2016 for Apple,” CEO Tim Cook said.

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Anna Washenko

One Comment

  1. “Happiness is sharing …”, it is our emotions along the lines of your sharing. It’s just words but we thank you for giving so much love to it, a shared spirit with the plight of the gangsters in the street and the ads. Workers at the time of New Year’s Eve but still working diligently to wake up tomorrow will return the streets clean beautiful welcome the new year.

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