Faster than Apple’s other revenue streams, according to these 25 analysts.
Why do we give two shakes about Apple’s Services, that grab bag of cash generating operations that includes, according to a self-referential footnote in Apple’s quarterly reports, “revenue from Digital Content and Services, AppleCare, Apple Pay, licensing and other services”?
We give two shakes because with the growth of Apple’s installed base, this once sluggish cash source has swelled to become Apple’s second biggest revenue stream after the iPhone—bigger than the iPad or Mac—and its fastest growing.
How fast did Services grow last quarter? The 25 analysts I’ve heard from so far—18 pros and 7 independents—turned in Services revenue estimates ranging from $7.4 billion to $8.3 billion (up 17% to 31% year over year). Average increase: 20%.
To see how that compares with previous quarters, click on “Year over year growth” in the chart below.
Not seeing the nifty interactive chart? Try the website.
Below: The analysts’ individual estimates, pros in blue, indies in green.
Click to enlarge.
We’ll find out who was closest to the mark on Thursday, when Apple is scheduled report its earnings for the final quarter of fiscal 2017. Tune in here about 30 minutes after the markets close.