Apple said the base expanded 30 per cent from two years ago to 1.3 billion. That increase should have been seen as positive because Apple aims to become less dependent on selling iPhones and shift to selling its existing customers services like Apple Music or add-on devices such as the Apple Watch or AirPods. Mr Cook said “there are many, many, many more” Apple users than two years ago but declined to give an actual figure. The signals on how well Apple is monetising users were mixed. But services revenue - which includes Apple Music, iCloud and the App Store - fell short of analysts’ expectations for the December quarter, at $8.4 billion (€6.7 billion), and was down slightly from the previous quarter.

Source: The Irish Times February 02, 2018 10:18 UTC