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Apple services growth continues to counter iPhone sales slide in Q3



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Apple’s Q3 earnings presented a mixed bag for the company, as iPhone revenue continued to slide. The handset brought in $39.67 billion for the quarter, down from $40.66 this time last year. The drop certainly isn’t an anomaly amid an overall declining smartphone market. Once again, however, the hardware slowdown was blunted by the company’s continued success in services, as revenue increased from $19.6 billion to $21.2 billion, year-over-year, beating analyst expectations.
Apple naturally led with the services win when announcing those earnings today.
“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” CEO Ti …

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