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.

        • @Stovetop
          1•1 year ago

          I mean to me it sounds like they were concerned about more stores becoming like Costco, requiring a subscription to shop there.

    • @[email protected]
      4•1 year ago

      I’m worried that’s the endgame for say, Walmart+, I’ve seen a sprinkling of subscriber-only checkout lines and parking spots, I’ll keep an eye out to see how that dial turns in the coming years

      • @Num10ckEnglish
        1•1 year ago

        when our kitchens are robots and the food delivery packaging etc needs to be compatible. so like 8 years?

    • KrisND
      1•1 year ago

      My point was that everything is going over to subscription services and eventually it’s going to flood other markets too, such as shopping because it’s a money maker. It’s great Apple is doing well for itself, there was some struggling years, it’s crazy how much they make off subscriptions alone. Not hating on the player, hating the game.