Apple services business has more than 1 billion paying subscribers and is expected to generate $21.2 billion in revenue

According to news on August 4, when Apple announced its third fiscal quarter results for fiscal year 2023, it announced that the number of paid subscription users worldwide has exceeded 1 billion, which has made significant progress in the company's service business. It is understood that the service business is expected to achieve revenue of 21.2 billion US dollars (approximately 152.428 billion yuan), an increase of 8% over the same period last year, reaching an eye-catching growth level

Tim Cook, Apple CEO, expressed strong confidence in the second-quarter earnings data in a press release. The number of paying subscribers exceeded 1 billion, creating record revenue for Apple's services business. In addition, iPhone sales in emerging markets have also maintained strong growth, further promoting the expansion of the iPhone product line

According to the editor’s understanding, Apple’s chief executive Financial Officer Luca Maestri also pointed out that Apple's active device installed base has reached an all-time high, covering every geographic region. Although the specific number was not disclosed, in February this year, Apple released data showing that the number of active devices had exceeded 2 billion. This data shows that Apple has a huge user base around the world, providing strong support for the continued growth of its service business

Apple continues to improve its service business and launch various paid subscription services , attracting more and more users, thereby solidifying its leadership position in the technology industry and achieving solid financial performance. In the future, Apple is expected to continue to achieve new breakthroughs in service business and product sales

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