Apple’s long road to pivoting into a services company is beginning to pay off. Apple announced last week that their services division brought in over $13 billion in revenue. The services that Apple provides includes Apple Music Apple TV+, iCloud, App Store, and Apple Arcade.
Apple’s first quarter touted revenue of $58.3 billion, up one percent from 2019.
“Despite COVID-19’s unprecedented global impact, we’re proud to report that Apple grew for the quarter, driven by an all-time record in Services and a quarterly record for Wearables,” CEO Tim Cook said in a statement. “In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive.”
Apple TV+ is struggling to grow their subscribers base since its launch in November 2019. According to Fast Company, Apple has 33.6 million subscribers while Disney+ touts over 50 million paid users.