Apple reported its quarterly earnings today, which set a Q3 record and beat Wall Street expectations. And alongside the earnings report, the company shared that it now has over 1.5 billion paid subscriptions.
Apple now has 1.5 billion subscriptions, three years after reaching 1 billion
Kif Leswing writes at CNBC:
Apple’s services division, which delivers hefty margins, continued its steady growth, posting a revenue increase of 12% during the quarter to over $30 billion…Apple highlighted growth from advertising, App Store, AppleCare warranties, music, video, cloud services, and payment services.
Cook said Apple has 1.5 billion paid subscriptions, which includes iCloud as well as app subscriptions in the App Store for which Apple takes a cut.
