Apple registers record revenue from services

Apple announced the financial results for the fiscal 2023 third quarter ended July 1, 2023. The Cupertino-based company posted quarterly revenue of $81.8 billion, almost one per cent down year over year.

Amidst the decline in shipments of iPhones, iPads and Macs, Apple surprisingly, registered a record revenue from services.

Apple added 150 million subscribers and breached the one billion mark. Services revenue reached $21.1 billion, almost 1.6 billion compared to the previous year’s same period.