Tuesday, November 3, 2020

Apple publishes financials and launches Apple One bundles | Music Ally

Apple’s latest quarterly financials came out yesterday, but there was no new figure for Apple Music subscribers for analysts to digest.

The company merely said that its music service set another quarterly record for revenue, as part of a 16% year-on-year growth (to $14.5bn) for Apple’s services division.

Overall, Apple generated $64.7bn of revenues in the third quarter of this year, up from $64bn a year ago. The company recorded an operating profit of $14.78bn, and a net profit of $12.67bn.

As the results came out, Apple also confirmed that its new Apple One bundles are launching today (30 October). The bundles were announced in September, and will range from $14.95 a month to $29.95 a month, with combinations of Apple’s music, video, gaming and cloud storage services.

Oh, and its new Fitness+ service, although that isn’t launching today: it will go live by the end of this year.

Stuart Dredge

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