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January 31, 2017By Michael Cader

Apple’s Services Pass $7 Billion In Holiday Quarter

January 31, 2017By Michael Cader

Apple reported sales for the holiday quarter — Q1 2017 in their fiscal year — that were slightly ahead of the company’s record performance a year ago, and modestly ahead of analysts’ estimates as well. Sales were $78.4 billion, with earnings per share of $3.36. The services segment, which includes iBooks (and digital audiobooks sold through iTunes) plus a whole lot else, continued its growth at a comparable pace to recent quarters, at $7.172 billion, up 18 percent from a year ago. (The underlying percentage growth was probably higher, since last year’s results included a big one-time patent lawsuit settlement of […]

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Filed Under: Booksellers, Earnings Reports

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