New Delhi, October 28: Apple now has 900 million paid subscriptions on the platform which doubled in just three years, the company CEO Tim Cook has announced.
The company said that paid accounts are growing faster than transacting accounts, so the penetration of paid accounts is increasing. Tim Cook Tweets Diwali Image by Mumbai-Based Photographer Apeksha Makar, Says ‘Photo Beautifully Captures Why Deepavali is Known as Festival of Lights’.
“We have a great subscription business, 900 million paid subs now on the platform and growing very fast. We doubled in 3 years. This is the part that is really interesting to us because we really believe that the engine for services growth is there, foreign exchange is a temporary thing and the fundamentals are very good,” Cook said during the company’s earnings call for the September quarter.
Services notched a September quarter record as well with a revenue of $19.2 billion. Apple iPhone Revenue Grows 10% To Reach $42.6 Billion Globally, Indian Market Sees Bumper Sales of iPhone 14.
“We reached another record on our installed base of active devices, thanks to a quarterly record of upgraders and double-digit growth in switchers on iPhone. Across nearly every geographic segment, we reached a new revenue record for the quarter,” said Cook. On silicon-related supply constraints, he said these issues were not significant in the quarter.
“I want to acknowledge that we are still living through unprecedented times. From war in Eastern Europe to the persistence of Covid-19, from climate disasters around the world to an increasingly difficult economic environment, a lot of people and a lot of places are struggling,” said the Apple CEO.
“Through it all, we’ve aimed to help our customers navigate through the challenges while giving them the tools to drive progress for themselves and their communities,” he added.
(The above story first appeared on Today News 24 on Oct 28, 2022 03:41 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
