If the App Store had a theme song, it would probably be The OâJaysâ âFor the Love of Money.â (Apple itself would probably pick something by U2 orâsighâColdplay.) During the companyâs financial results recently, Tim Cook said the App Store pulled in record revenue, which bolstered the companyâs bottom line for its services divisionâs $5.1 billion revenue.
So yes, the App Store is still doing gangbusters business overall. But Iâd also imagine that itâs the tentpole propping up the companyâs services division, which also includes iCloud, Apple Pay, and AppleCare. And much as Apple is a company that focuses on developing and selling products, those services are becoming ever more critical: if iPhones, iPad, Macs, and so on are the bricks of Appleâs business, services are the mortarâthe stuff thatâŚ