Apple's 1 billion subscribers means it's now a subscription company
qz.com
The tech giant isn't just selling iPhones anymore—it's banking on subscriptions to its streaming and cloud storage services.

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.

  • KrisND@lemmy.world
    7·
    1 year ago

    Yeah, that is pretty crazy. It’s found almost everywhere, soon even grocery shopping will be subscription only.

    I remember not that long ago trying, begging, pleading friends and family to hop on with apple. After 10 years, including working as Apple Support for 3 years, I finally got away. I love the quality, the software is so intuitive out of the box and it “just works”.