Apple released its first fiscal quarter earnings for 2020, and it is much better than many expected, showing revenue of $91.8 billion.
This is all thanks to a 17% year over year increase in Apple services like Apple Arcade, Apple Music, Apple TV+, and iCloud to the tune of $12.7 billion.
With new subscriptions Apple Arcade and Apple TV+ just getting started in the last year, Apple is targeting 600 million subscribers combine across all of its services by the end of 2020.
Analytics firm Ampere Analysis reports the Apple TV+ has attained more than 33 million subscribers in the first three months of launch.
There are no confirmed reports as to how many users are spending $5-per-month for the service as Apple continues to give Apple TV+ anyway free with the purchase of specific new Apple devices.
In the background of Apple Services, Apple iPhone sales are totaling around $56 billion up from the $52 billion Q1 reporting. Apple CEO Tim Cook says: "strong demand for our iPhone 11 and iPhone 11 Pro models" in the earnings release."
At this time, Apple does not provide unit sales data for many of its products. Still, media outlet Tech Crunch reports: "Apple's wearables and home and accessories category also saw immense growth, hitting the $10 billion mark in revenue as compared to just $7.3 billion last year."