Aug 1, 2017
Apple sales boosted by services growth
Technology giant Apple, best known for its iPhones and computers, said newer lines of business such as Apple Pay had helped to drive growth in its third quarter. Apple's services unit had sales of nearly $7.3bn during the three months to the end of June, a rise of 22% higher on the same period last year. "Apple's Services business continues to be the shining light," said Geoff Blaber of CCS Insight. Apple still makes the bulk of its revenue from iPhones, which had experienced an unexpected sales decline earlier this year. Apple, which introduced a new iPad, said the number of iPads sold climbed 28% year-on-year, while revenues from the product increased 2%. Revenue from other products, such as the Apple Watch, Apple TV and Beats headphones, also jumped 23% year-on-year.
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