Apple now has 1 billion paying subscribers (qz.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Apple announced that it now has 1 billion paying subscribers to its services and that revenue from these sales has reached an all-time high.

In its third-quarter financial results, reported after the stock market closed on Aug. 3, Apple reported $21 billion in net sales for its services category out of $81 billion in total net sales, meaning that these subscriptions now account for a quarter of the Cupertino, California-based technology company’s total sales.

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[-] [email protected] 32 points 11 months ago

Now is this counting individual person subscribers or do they count each individual subscription? Because some people may have multiple subscriptions.

[-] [email protected] 30 points 11 months ago* (last edited 11 months ago)

Yeah, you're right. The actual quote is subscriptions, not subscribers.

“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO.

https://www.apple.com/newsroom/2023/08/apple-reports-third-quarter-results/

this post was submitted on 03 Aug 2023

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