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.

  • @[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?