Apple’s Services business is now worth more than its individual iPad, Mac and Apple Watch businesses, according to the company’s quarterly earnings — and beautifully illustrated by the Apple-watching website Six Colors.
Apple today revealed its results for the third fiscal quarter of 2016, and they make for surprisingly pleasant reading for investors. The company reported revenue of $42.2 billion and quarterly net income of $7.8 billion after App Store sales hit an all-time record.
Android might have more apps and a lot more users than iOS these days, but it’s still trailing far behind when it comes to making money for developers. Last quarter, the App Store made twice as much money than Google Play for app makers.
Apple has scheduled its next earnings call for Tuesday, July 26, at 2 p.m. Pacific. The call, which will be broadcast live, will cover the company’s third fiscal quarter results following the first-ever decline in iPhone sales last quarter.
You’ve probably heard it’s hard to make money in the App Store, but not for a small few. Last quarter, a staggering 94 percent of App Store revenue generated in the U.S. went to just the top 1 percent of app publishers, according to new data.