Q4 2022 saw Apple make $19 billion from its Services category
Apple has reported its financial results for the fiscal fourth quarter of 2022, posting a September quarter record revenue of $90.1 billion, up 8 percent year over year.
In the quarter, Apple saw its Services category, which includes paid Apple Music, Apple News+, iCloud+, Apple TV+, Apple Arcade, Apple Fitness+ and more, earn the iPhone maker $19 billion during the quarter, up from $18 billion in the year-ago quarter.
Running from June 26 through September 24, the financial results announced today cover the period when Apple began accepting pre-orders for the iPhone 14, iPhone 14 Pro, new Apple Watch Series 8, next-generation Apple Watch SE and the all-new Apple Watch Ultra, offering the first financial insight following the release of the latest devices.
The announcement follows after Apple announced this week that it was upping the price of Apple Music, Apple TV+ and its subscription bundle Apple One, citing “an increase in licensing costs” for the price hike.
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