City
Epaper

Apple now has over 860 mn paid subscriptions across services

By IANS | Updated: July 29, 2022 15:30 IST

San Francisco, July 29 Tech giant Apple has announced that it now has over 860 million paid subscribers ...

Open in App

San Francisco, July 29 Tech giant Apple has announced that it now has over 860 million paid subscribers across all of its services, which includes Apple Music, Apple TV+, Apple News, iCloud, and more.

Luca Maestri, Chief Financial Officer at Apple, said that the company saw increased customer engagement with its Services during the quarter.

"We now have more than 860 million paid subscriptions across the services on our platform, which is up more than 160 million during the last 12 months alone," he said during the June quarter earnings call with analysts.

The CFO mentioned that Services had a June quarter revenue record of $19.6 billion, up 12 per cent despite almost 500 basis points of FX headwinds and impacts from our business in Russia and the macroeconomic environment.

"The record level of performance of our services portfolio during the June quarter reflects the strength of our ecosystem on many fronts: First, our installed base has continued to grow, reaching an all-time high across each geographic segment and major product category," said Maestri.

"And finally, we continue to improve the breadth and the quality of our current Services offerings, from a constant flow of new content on Apple TV+ and Apple Arcade to great new features we recently announced for iCloud and Apple Music, which we believe our customers will love," he added.

Meanwhile, Apple CEO Tim Cook said that in two and a half years since launch, Apple TV+ has now earned 250 wins and over 1,100 award nominations and counting.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: appleRussiaSan FranciscoApple MusicTim CookLuca MaestriSan francisco baySupport companyApple educationApple app stores
Open in App

Related Stories

InternationalEarthquake of Magnitude 8.8 Is Equal to Explosion of 15,900 Atomic Bombs Like Hiroshima, Claims Grok

InternationalTsunami Warning Issued for US States and Japan After 8.8-Magnitude Earthquake Strikes Off Russian Coast

InternationalEarthquake in Russia: Quake of Magnitude 8.0 Strikes Kamchatka Peninsula; Tsunami Warning Issued

InternationalRussia Gas Explosion: Three, Including Child, Killed After Building Part Collapses Due to Blast in Saratov (Watch Video)

NationalSupreme Court Asks MEA to Trace Russian Woman and Return Child's Custody To Father

Technology Realted Stories

TechnologyStudy finds inflammatory pathways behind asthma attacks in children

TechnologyIndian markets dip marginally this week amid tariff concerns

TechnologyOver 1.97 lakh entities registered under ‘startup’ category on BHASKAR platform

TechnologyIndia doubles down on shipbuilding to become global maritime power

TechnologySeoul shares sink at steepest pace in 4 months, won dips to near 3-month low