Fourth quarter sees revenues from services such as iCloud and Apple Music hit all-time high of $10bn
Apple, the world’s first company to be valued at $1 trillion, continues to grow at speed and has announced a double-digit increase in revenue.
Slightly exceeding projected revenues, with $62.9bn, the tech giant is up roughly 20% over last year.
The CEO, Tim Cook, and CFO, Luca Maestri, cited strong performances from services like iCloud, Apple Music, and the App Store, which reached an all time high of $10bn.
Cook said in a statement the company was “thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple’s history.
“Over the past two months, we’ve delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems, and we enter the holiday season with our strongest lineup of products and services ever.”