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Apple's quarterly update offered important new insight into the state of its business and the broader economy.
Apple CEO Tim Cook in an interview that Apple will be releasing new services in 2019, which the company has been "working on for multiple years."
Revenue from services, which includes the App Store and Apple Music, hit a record high.
There was no new iPhone release this quarter, so Apple Services — the company's new rockstar with revenue from things like the App Store and Apple Music — will be front and center.
The App Store has made Apple at least $40 billion in revenue since it was created 10 years ago today
Apple's services segment, which also includes Apple Music, iTunes, and Apple Pay in addition to the App Store, accounted for 15% of Apple's revenue in Q2 of 2018. A breakdown of the amount paid out to developers shows a more specific number attributable to the App Store.
Shares of Apple hit a record high of almost $193 on Monday.
Apple's service business has taken off over the past few years. One chart shows its success compared to other Apple products.