Apple Pay users tripled in Q1 2017
Apple CEO Tim Cook announced new milestones for Apple Pay during the company’s Q1 2017 incomes call. Apple confirmed that Comcast would start accepting Apple Pay soon on the web for bill payments as well.
- Fariha Khan
- February 1, 2017
The Comcast news came together with few stats for Apple Pay and other services shared by the firm. Cook assured that the number of Apple Pay users over the last year has tripled while observing billions in connections during the December quarter only. According to the company, transaction volume is up 500% year over year. Now the service is in 3 markets after the launches in new parts of the world.
Apply Pay Web and Services Record
About Apple Pay on the web, Apple noted that over 2 million small businesses are accepting invoice payments with the service now. Other than Apple Pay, the company noted all time revenue record for Services and noted its aim is to develop its services business by double over the next 4 years. Services now includes “Digital Content and Services, AppleCare, Apple Pay, licensing and other services.” This quarter the company updated the expression in its remunerations press release to update “Internet Services” to “Digital Content and Services,” that might be a better reflection of the growth of the category from Apple Music as well as exclusive content against cloud services. In addition, today Apple’s Luca Maestri made a point that the firm assumes Apple Music to bring its music business back to progress.
App Store’s Best Month Ever
App Store revenue record was also driving the services category with $3 billion in December, making it its best month ever. The company didn’t provide a particular date when Comcast would start accepting Apple Pay for bill payments. However, Apply expressed that support would come this quarter.