Apple's earnings report shows its new TV and credit card services can't come soon enough

Apple credit card.
(Image credit: Michael Short/Getty Images)

Apple is really, really counting on its Apple TV+ and credit card services to pull out a win.

The company reported a 13 percent profit drop and a miniscule 1 percent revenue growth in its third quarter earnings call on Tuesday. That's a $10.08 billion reduction in profit from a year earlier, but also an improvement from the past two quarters of revenue losses — with Apple's services division to thank.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.