Apple now has 1 billion paying subscribers
Apple now has 1 billion paying subscribers
The tech giant isn't just selling iPhones anymore—it's banking on subscriptions to its streaming and cloud storage services.
Apple announced that it now has 1 billion paying subscribers to its services and that revenue from these sales has reached an all-time high.
In its third-quarter financial results, reported after the stock market closed on Aug. 3, Apple reported $21 billion in net sales for its services category out of $81 billion in total net sales, meaning that these subscriptions now account for a quarter of the Cupertino, California-based technology company’s total sales.
Now is this counting individual person subscribers or do they count each individual subscription? Because some people may have multiple subscriptions.
Yeah, you're right. The actual quote is subscriptions, not subscribers.
“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO.
https://www.apple.com/newsroom/2023/08/apple-reports-third-quarter-results/
And I am not one of them. Fuck subscriptions, I only have my phone plan and thats it.
If you aren’t paying for it, you aren’t the consumer, you are the product. It is ok if you are cool with that, but quite a few people are not.
So... how's worker compensation looking these days?
Why increase compensation for workers when they’ll keep coming in and doing the work to make money for shareholders and owners of corporate real estate?
Yeah, that is pretty crazy. It's found almost everywhere, soon even grocery shopping will be subscription only.
I remember not that long ago trying, begging, pleading friends and family to hop on with apple. After 10 years, including working as Apple Support for 3 years, I finally got away. I love the quality, the software is so intuitive out of the box and it "just works".
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My point was that everything is going over to subscription services and eventually it's going to flood other markets too, such as shopping because it's a money maker. It's great Apple is doing well for itself, there was some struggling years, it's crazy how much they make off subscriptions alone. Not hating on the player, hating the game.
I just signed up for apple one premier this week. I’ve actually done a lot to avoid getting locked in to apple in the past. I never subscribed to iCloud and instead used google photos and self hosted for picture storage. I still have some hang ups with how iCloud Drive works compared to O365 and google drive but apple has the best ecosystem overall. I think the only thing missing is a mesh system Wi-Fi with integrated HomePods like google has with Nest Wi-Fi
Actually, I find this better than offering free products. This way I am not the product.
I mean, I only pay like 3 € for the cloud save since it’s cheaper than Microsoft‘s plan.
On related news, Apple announces that they will ship a microscopic piece of His Sacred Turtleneck inside every iPhone 15, thus making them sacred to their cult members.
As a celebration, members will see an increase in their service prices of up to 15%.
@VitoCorleone @mxwarp how do I pre order? 😅