Revenue of Apple Inc from Services 2013-2020
Amounts are in $millions.
|Year||Services Revenue ($mn)|
Apple’s services revenue grew to $53,768 million in 2020 from $46,291 million in 2019.
Apple’s revenue from the sales of services has grown fast during the past few years. From 2018 to 2019, there was an increase of 16% in Apple’s net revenue from services. In fiscal 2019, Apple generated $46.3 billion from services compared to $39.75 billion in 2018. The revenue from services was around 17.8% of the net revenue of the brand in 2019.
About Apple Inc:
Founded in 1976 by Steve Jobs and Steve Wozniak, Apple Inc. has its headquarters in Cupertino, California, United States. The company is a leading technology brand and the maker of iPhone, Mac, and iPads. Apart from it, Apple also sells a nice range of wearables and services. The company has experienced solid growth in Net revenue in 2020 compared to the previous year. Its net revenue in 2020 grew to $274.5 billion compared to $260.2 billion in 2019.
Apple’s market cap is higher than $2 Trillion and it is the first company whose market cap exceeded 2 trillions. The company is currently led by CEO Tim Cook.