Apple reported their fiscal second quarter on Tuesday afternoon, with sales of $ 52.9 billion and net income of $11.03 billion, both up modestly from the same quarter a year ago. The “services” category, which includes their digital media sales, had sales of $7.04 billion, up 18% from 5.99 billion a year ago — confirming our conclusion that Apple would pull clearly ahead of Amazon this year in media/services sales. (As noted last week, as of 2017 Amazon no longer breaks out “media” sales, so it’s less obvious that they have fallen behind here. For scale, note as well that Netflix took […]
