, , , , , , ,

Apple Services Revenue Hits All-Time Record as Company Tops 1B Paid Subscriptions


Apple says it now has more than 1 billion paid subscribers to its various services, as that line of its business has hit an all-time high.


The company revealed the number in its quarterly earnings report, disclosing total revenue of 81.8 billion, a decline of 1 percent from a year ago. This is the third consecutive quarter to see a decline in revenue from Apple, thanks to slower sales of its hardware devices, like the iPhone and Mac lines. Net income was $19.9 billion.

Related


However, its services business continues to grow at a rapid pace, hitting $21.2 billion in the quarter, up from 19.6 billion last year. Apple services include Apple TV+, Apple Music, Apple Arcade, Apple News, and iCloud+. It also includes subscriptions through apps on the app store. The company did not break out how many subscribers used which service, beyond the topline 1 billion figure.


On the company’s earnings call, however, CEO Tim Cook said that Apple TV+ had hit a revenue record and touted the addition of soccer superstar Lionel Messi to Major League Soccer’s Inter Miami. Apple has the global exclusive rights to MLS.


“We are focused on original content and so we are all about giving great storytellers the venue to tell great stories and hopefully get us all to think a little deeper,” Cook added. “And sport is a part of that because sport is the ultimate original story.”


One thing that did not come on the call was the ongoing WGA and SAG strikes. of course, for Apple, its content business is a tiny piece of the overall pie. Apple’s total profits last quarter were nearly double Warner Bros. Discovery’s total revenue in the quarter, with WBD noting that it is firmly in the content business.


“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 Cook in a statement. “From education to the environment, we are continuing to advance our values, while championing innovation that enriches the lives of our customers and leaves the world better than we found it.”


This article was originally published by The Hollywood Reporter.

https://www.billboard.com/pro/apple-earnings-services-revenue-apple-music-record/


October 2024
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 999: Bananas and Browsers – CA AI Bill Veto, Meta's Orion, FTC Vs. Fake Reviews This Week in Tech (Audio)

CA AI Bill Veto, Meta's Orion, FTC Vs. Fake Reviews Sam Altman's AI Manifesto News from Meta Connect Gavin Newsom vetoes sweeping AI safety bill, siding with Silicon Valley The Panel discusses CoPilot The Panel debates AGI James Cameron Joins Board of Stability AI in Coup for Tech Firm SAG-AFTRA Calls Strike Against 'League of Legends' Rabbit says only 5,000 people use the R1 daily Orion: True AR Glasses Have Arrived AI smackdown: How a new FTC ruling just protected the free press DoNotPay has to pay $193K for falsely touting untested AI lawyer, FTC says Firefox Review Checker – Ensure review authenticity in your online shopping New California law requires one-click subscription cancellations The DOJ sues Visa for locking out rival payment platforms NIST proposes barring some of the most nonsensical password rules Some Mad Genius Put ChatGPT on a TI-84 Graphing Calculator 23andMe troubles, company recently settled data insecurity suit for $30 mil Host: Leo Laporte Guests: Denise Howell, Parmy Olson, Daniel Rubino, and Henry Laporte Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: lookout.com 1password.com/twit shopify.com/twit veeam.com flashpoint.io
  1. TWiT 999: Bananas and Browsers – CA AI Bill Veto, Meta's Orion, FTC Vs. Fake Reviews
  2. TWiT 998: Artisanal Locally-Sourced Dopamine – Amazon Returns to Office, CA AI Bill, Elon Backs Down
  3. TWiT 997: Put an OLED on it – iPhone Event 2024, $700 PS5, AI in AU
  4. TWiT 996: The Quiet Office Crackdown – Starlink Backtracks, AI Royalty Heist
  5. TWiT 995: The Story of Us – AnandTech Shuts Down, Brazil Bans X, Alexa Revamp