Apple: How fast did Services grow in the June 2017 quarter?

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.

services estimates q3 2017

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.”


  1. Fred Stein said:
    Doubling by 2020 implies about 25% CAGR.
    Being a fanboy and optimist, I’m awaiting announcements, eagerly and patiently.

    July 27, 2017
    • Roger Schutte said:
      am I misunderstanding CAGR, but is the annual number really closer to 18.9%?

      July 27, 2017
  2. Gregg Thurman said:
    When you consider the addition of AR capabilities, elimination of support for 32bit apps and a growing base of users, it isn’t hard to see 20% YoY growth for each of the next 3 years (and beyond?).

    July 27, 2017

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