Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter
Apple announced financial results for its fiscal 2018 fourth quarter ended September 29, 2018. The company posted quarterly revenue of $62.9 billion, an increase of 20% from the year-ago quarter. International sales accounted for 61% of the quarter’s revenue.
Services revenue reached an all-time high of $10 billion. Excluding a one-time favorable adjustment of $640 million recognized in the fourth quarter of fiscal 2017, Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter of fiscal 2018, an increase of 27%.
SEE ALSO: How to set up & use Apple Pay