Apple Pay Transactions Rose Significantly in Q4 of Fiscal 2018
Apple’s (AAPL) Services segment revenue rose 17% YoY to almost $10 billion in the fourth quarter of fiscal 2018, which ended in September, up from $8.5 billion last year. Apple’s Services business is the fastest growing business for Apple. While the Services revenue was primarily fueled by App Store sales, Apple Pay is quickly gaining traction as a leading payment service.