Despite analysts expecting a problematic fiscal quarter, tech giant Apple beat expectations in the March 2023 quarter with a revenue of $94.8 billion. While that number is down 3 percent year over year, Apple’s services segment — including Apple Music, Apple TV+, and Apple Arcade, among others — reported revenue of $20.9 billion in the quarter, a new record.
Source: Apple Services Reach Record Quarterly Revenues of $20.9 Billion