Apple
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Apple hits 1.5 billion subscription milestone, still falls short of Wall Street wants
['Amber Neely', 'Wesley Hilliard', "Andrew O'Hara", 'Marko Zivkovic', 'Malcolm Owen', 'Andrew Orr']
AppleInsider News
Apple has reached 1.5 billion paid subscriptions across its platform, adding another milestone to an Apple Services business that generated record June-quarter revenue of more than $30 billion.
The figure represents paid subscriptions rather than 1.5 billion individual customers.
Apple Services revenueServices generated $30.9 billion in the previous quarter, continuing the division's steady growth beyond hardware sales.
The 1.5 billion total is more than 50% higher than the nearly one billion paid subscriptions Apple reported in 2023.
The increase shows continued expansion across Apple's subscription ecosystem even as quarterly Services revenue missed analysts' forecast.