Apple is expected to report that in fiscal Q3 its Services unit had a strong rise in revenue
Apple is also expected to report that overall revenue declined by 1.6% on an annual basis during the fiscal third quarter. As already noted, that would be the biggest fiscal third-quarter revenue decline for the company since 2016. Some analysts also expect Apple to reveal how it plans to integrate AI with some of its products. Bloomberg reported last month that Apple has built an internal large language model known inside Apple as “Ajax.”
The one business segment that continues to perform strongly for Apple is its Services unit. Last quarter Apple reported a record $20.91 billion in revenue for its second-largest business unit. For the fiscal third quarter, Services, which includes the App Store, Apple Pay, AppleCare, subscription services like Apple Music, Apple News+, Apple TV+, iCloud, and more, is estimated to have generated a rise in revenue of 5.7%.
