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Marketplace Morning Report

Revenue from services drives Apple earnings

Andy Uhler Aug 1, 2018
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The Apple Pay logo is displayed in a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system on October 20, 2014 in San Francisco City.
Justin Sullivan/Getty Images

Apple delivered its best-ever revenue for the third quarter on Tuesday after the bell. The usual suspects, iPhones and iPads, performed well. But a lot of the growth came from the company’s services, like iCloud, ApplePay and Apple music. But continued growth could face some headwinds in the next quarter because of possible U.S. tariffs on consumer goods from China.

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