Apple's Services division has achieved remarkable growth, reporting a record revenue of $26.3 billion for the December 2022 quarter, representing a 14% increase year-over-year. This division, which includes the App Store, iCloud, and various subscription services, has generated nearly $100 billion over the past year, with over 1 billion subscriptions and increased customer engagement. Despite concerns about regulatory impacts, Apple’s executives emphasized the positive trends in customer engagement and service offerings, indicating resilience amid challenges faced by the iPhone segment.
Apple's Services division reported an all-time revenue high of $26.3 billion, with over 1 billion subscriptions driving significant growth and customer engagement.
Despite iPhone sales declining, Apple’s Services business, which includes the App Store and other subscription offerings, continues to thrive, generating nearly $100 billion revenue annually.
The new regulatory environment may pose challenges, yet Apple's CFO highlighted ongoing customer engagement and double-digit growth in subscriptions across all services.
Apple's Services business reached a milestone with record-high subscription engagement, proving resilient amidst pressures on iPhone sales and potential regulatory changes.
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