Workflow
Apple's Services Growth Slows to 11%, Paid Subscriptions Top 1 Billion
AppleApple(US:AAPL) PYMNTS·2024-02-02 08:37

Apple’s ecosystem continues to grow, albeit with some puts and takes.The segment logged 11% growth year over year, slowing from the 16% growth rate that had been logged in the previous quarter.CEO Tim Cook said on the call that the latest metric represented an “all time revenue record with paid subscriptions growing double digits year over year.”The installed base of devices stands at more than 2.2 billion, he said.Mixed Results in HardwareThe company’s latest earnings report shows that during the fiscal fi ...