To double by 2020, as Tim Cook promised, this revenue stream can’t afford to slow.
The 24 analysts I’ve heard from so far—17 pros and 7 independents—all expect Apple’s revenue from Services* to keep growing by double digits. The average of their Q3 estimates is $7.13 billion, which works out to 19.3% year over year.
To see how that compares with previous quarters, click on “Year over year growth” in the chart below.
Not seeing the interactive chart? Try the website.
Below: The analysts’ individual estimates, pros in blue, indies in green.
We’ll find out who was closest to the mark next Tuesday, when Apple is scheduled report its earnings for fiscal Q3 2017. Tune in here about 30 minutes after the markets close.
*According to Apple’s SEC filing, services “includes revenue from Digital Content and Services, AppleCare, Apple Pay, licensing and other services.”