Apple Inc. continues to solidify its position as a technological titan, reporting over 1 billion subscriptions across its diverse services. Despite a dip in iPhone sales, the company's Services division has reached unprecedented heights, generating $26.3 billion in revenue for the quarter ending December 28, marking a 14% increase year-over-year. This impressive growth in the Services sector, which raked in nearly $100 billion over the past year, was highlighted by CEO Tim Cook during Thursday's earnings call. In addition to financial triumphs, Apple faces mixed outcomes in legal battles, with a favorable result in its ongoing lawsuit with Epic Games.
Adding to the accomplishments, Apple's CFO Kevan Parekh underscored the burgeoning customer engagement across various geographic regions. The success of services like Apple Music, iCloud, and Apple TV+ contributes significantly to this growth. Moreover, Apple's Tap to Pay for iPhone is now operational in 20 markets, further enhancing customer reach and service utilization.
In the legal arena, the U.S. Supreme Court recently declined to hear an appeal concerning the high-profile lawsuit between Epic Games and Apple. The case's outcome largely favored Apple, yet it mandates the tech giant to permit app developers to direct customers to external websites via links within their apps. Meanwhile, Epic Games achieved a legal victory against Google in a parallel case, showcasing varied judicial interpretations of app marketplace practices.
Sarah, a seasoned reporter for TechCrunch since August 2011, continues to deliver insightful coverage on these developments. Her experience spans over three years at ReadWriteWeb, enriching her expertise in technology journalism.
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