Apple's services division, which includes Apple Pay, Apple Music, iTunes and the App Store—among others—reached an all-time revenue high in the second quarter of fiscal year 2020. Apple’s quarterly services revenue climbed to $13.35 billion, up from $11.45 billion a year earlier.
"We had strong performance across the board with all-time revenue records in the App Store, Apple Music, video, cloud services and our App Store search ad business," Apple CFO Luca Maestri said during the company's conference call with investors, adding that the company now has over 515 million paid subscriptions across the services on its platform, up 125 million from a year ago.
