Apple Earns $20.8B from 935M Subscriptions Last Fiscal Quarter
Apple said that it earned $20.8 billion in the last fiscal quarter from 935 million subscriptions. This is a big milestone for Apple, as it shows the growing success of their subscription-based services.
What Services Did Apple Subscriptions Include?
Apple’s subscription services include:
- Apple Music
- Apple TV +
- iCloud
- Apple Arcade
- Apple News+
These subscriptions are an important part of Apple’s income. Apple’s CEO Tim Cook said that these subscriptions contributed to the company’s “record June quarter performance”.
What Led To These Subscription Numbers?
There are several factors that have contributed to the success of Apple’s subscription services.
- Apple has created unique and engaging content for its streaming services, such as Apple TV +.
- It has invested heavily in marketing its services to consumers.
- It has offered competitive prices for its services.
- It has created incentives for customers to subscribe, such as discounts and free trials.
These factors have helped Apple to reach its milestone of 935 million subscriptions. With these numbers, Apple stands to make even more revenue in the coming quarters. Apple’s most recent fiscal quarter earnings revealed a stream of ongoing success from the tech giant.
Apple Inc reported that its earnings for the quarter ending December 31, 2020, had netted them $20.8B, an impressive result in the company’s long history. It marks a 19 percent increase on the same quarter last year.
Part of this success comes from the businesses 935 million subscriptions, up 85 million compared to the previous quarter. Apple Arcade, AppleTV+, Apple Music and iCloud storage are some of the services included in this figure. Among them, the hardware sector has had the biggest surge this quarter, thanks in part to the new iPad Air and iPhone 12.
The additional services Apple has been developing have also made a significant contribution to this quarter’s success. Recent additions such as Apple Card, Apple News+ and Apple Fitness+, are proving to be beneficial to the company, indicating their continued growth in this area.
Overall, this quarter’s financial results shows that Apple Inc is continuing to thrive and cement itself as one of the top-performing companies in the industry. With the new products and services that the company is developing, the future is likely to be an even brighter one for Apple.