Quarterly figures confirm the weather: services a gold mine for Apple | TechBuzz

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During the discussion of the most recent quarterly figures, Apple announces that it has more than 860 million paid subscribers. This applies to all services that the Cupertino company offers. So not only Music and TV+, but also products such as the news service and of course the cloud storage service.

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That’s what Luca Maestri, Apple’s chief financial officer, reveals when discussing third-quarter financial results. The number of subscribers has also increased considerably. In recent months, more than 160 million people signed up for the various services.

Apple services make a lot of money

Although the Apple services are doing well, unfortunately the company does not disclose how many subscribers there are per service. That’s a bit of a shame, because that way you can’t really measure how well a certain service scores. Maestri does let us know that TV+ and Arcade have been on the rise lately, but we have to make do with that.

Apple Arcade devices

Such numbers are likely to please investors. Because of this, they are likely to be inclined to invest more money. But even then, we think it would be nice to know exactly where your money is going. For example, if Music would score badly and that service turns out to be a bottomless pit, it would be a shame if your money goes there.

Trust in the company

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Anyway, many investors trust Apple and the services it offers, but you don’t really hear about them. With nearly $20 billion in revenue at the Services business, you probably don’t need to hear them at all. However, it would be nice to know the details of the different services if you are also considering investing.

In any case, Apple made a good decision years ago to focus more on services and to compete with Spotify and Netflix, among others. With millions of people in the ecosystem, there’s a pretty good chance that all those users will at least try out such an Apple service and maybe stick with it.

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Quarterly figures confirm the weather: services a gold mine for Apple



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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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