Apple reported fiscal 2018 second quarter earnings, with revenues of $61.1 billion, an increase of 16 percent for the same quarter last year. Growth in their services segment, which comprises digital content and services, Apple Care, Apple Pay, and licensing, was well ahead of expectations. CFO Luca Maestri reported in the conference call that the segment saw “all time record revenue” of $9.19 billion for the quarter, up 31 percent from $7.041 billion a year ago. Paid subscriptions increased to 270 million, from around 240 million last quarter, and ceo Tim Cook reiterated that the services segment remains a “huge […]
