Apple posts iPhone sales of $56bn in quarter, wearables soar
The company’s closely watched services business, which includes its new Apple TV+ streaming offering, misses Wall Street’s targets
San Francisco — Apple on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
But even though Apple executives set a new target of 600-million paid subscribers on its platform by the end of calendar 2020, the company’s closely watched services business, which includes its new Apple TV+ streaming offering, missed Wall Street’s targets. Apple’s total number of installed devices grew by 100-million to more than 1.5-billion over the past year...
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