Apple Pay contributes to Apple's strong financial performance

Apple has made a habit of being vague about Apple Pay growth, citing only numbers of Apple Pay-enabled terminals in the past with optimistic verbiage about the mobile payment system's rising popularity.

There is no arguing Apple Pay is becoming available in more places. Executives noted in August that the system would launch in Denmark, Finland, Sweden and the United Arab Emirates this year. And executives recently confirmed that those launches are still in play for 2017. Such coverage gives it 20 countries and nearly 4,000 issuers in the Apple Pay fold.

Apple pay sticker
A sign for the launch of the Apple pay system, from Apple.Inc is seen displayed at the entrance to a McDonald's Corp. restaurant in London, U.K., on Tuesday, July 14, 2015. Apple Inc. is making the U.K. the first market outside the U.S. for its digital-wallet system as the company fights for a place in the electronic-payments industry. Photographer: Chris Ratcliffe/Bloomberg
Chris Ratcliffe/Bloomberg

But the impressive fourth-quarter earnings Apple announced Nov. 2, nearly $11 billion, put an exclamation mark on its digital content and services group. That's where Apple Pay numbers are tucked away along with Apple Music, iCloud, AppleCare and other licensing services.

That group delivered $8.5 billion in revenue in the quarter for Apple, a jump of 34% from the previous year. It is a tricky equation to say for sure where Apple Pay falls in the pecking order of revenue generators, but it is safe to say that Apple's digital content is contributing to what was reported as $52.6 billion in total sales, or a 12% increase, for the quarter.

The sales of Apple Watch are in an "other products" category that also includes Apple TV, Beat products, iPod touch as well as Apple-branded and third-party accessories. This group also showed strong growth to $3.2 billion in revenue, a 36% jump from the previous year.

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