Apple Services Salvage a Blah Quarter

Apple's total revenue dropped for the third consecutive quarter, shrinking 1% year over year.
iPhone, Mac, and iPad sales all saw declines of 2%, 7%, and 20% respectively.
However, Apple's services business, which includes the App Store and subscription services, grew 8% to its highest level ever.
Services accounted for over one fourth of Apple's revenue in the quarter, the highest proportion since at least 2020.
The growth in services is good news for Apple's bottom line, as the gross profit margin from services is nearly double that from hardware products.