New Delhi: Apple surpasses over 935 million paid subscriptions, setting all-time revenue record of $20.8 billion in services. Apple CEO Tim Cook said the company achieved double-digit revenue growth from App Store subscriptions and set all-time revenue records in several categories, including cloud and payment services.
“All told, Apple now has more than 935 million paid subscriptions,” Cook reported. The number of paid subscribers has grown to over 150 million during the past 12 months alone and is nearly four times the number Apple had five years ago. ,Also Read: Realme 10 Pro Coca-Cola Edition Design Officially Unveiled,
Apple Pay is now available at millions of merchants in nearly 70 countries and territories. The continued growth in the installed base is due to extremely strong levels of customer satisfaction and loyalty, and a high number of new customers for the products, according to the company. ,Also read: LIC plan: Rs 1800 per month investment gives Rs 8 lakh returns – check maturity, premium calculator here,
“We reached all-time service revenue records in the Americas, Europe and the rest of Asia Pacific, and records for the December quarter in Greater China,” said Luca Maestri, Apple’s chief financial officer.
“We also set records in multiple service categories, including all-time revenue records for cloud services, paid services and music, and December quarter records for the App Store and AppleCare,” he added.
In constant currency, Apple posted double-digit growth in services revenue on top of a 24 percent increase during the December quarter a year ago.