, the App Store and iCloud, brought in nearly $18.3 billion in revenue, topping Wall Street expectations, during the fourth fiscal quarter of 2021.
The tech giant did not disclose the distribution of revenue or exact number of subscribers across its services, but Apple CFO Luca Maestrithat Apple’s services division had “more than 700 million paid subscriptions.” The fiscal quarter’s services revenue represents almost a 5 percent increase from Q3 and a 26 percent jump year over year. Total revenue for Apple hit $83.4 billion, short of analysts’ expectations but an increase from last quarter’s reported $81.4 billion. Product sales — led by the iPhone — accounted for $65 billion of the company’s Q4 revenue.
During the company’s fall event last week, Apple unveiled new MacBook Pros with M1 Pro and M1 Max chips, the third generation of AirPods and a cheaper version of Apple Music that’s only controlled by Siri.
How do you like them apples?
All those juicy profits …. made in China.