The company said its services revenue reached a new all-time high of $21.2 billion. The services business — which includes Apple Music and Apple TV+ — is an increasingly important revenue driver for Apple. iPhone revenue came in at $39.7 billion for the quarter, marking an approximately 2% year-over-year decline. Mac revenue was $6.8 billion for the quarter, a 7% drop, and iPad revenue was down nearly 20%. Apple’s June quarter is typically the slowest of the year for the tech giant, which usually unveils new iPhone models in September.

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Persons: CNN — Apple, Tim Cook, ” Cook, Cook, “, we’ll, Apple’s, ” Jesse Cohen, Luca Maestri Organizations: CNN, Apple Music, Apple, Air, Services, Global, Gartner, IDC