CosmicTaco

Apple Reaches 1 Billion Subscriptions, Services Revenue Soars

CosmicTaco · 2025-01-31T10:38:35.255142+05:30

- Apple reported a record $26.3 billion in Services revenue for Q4 2024, a 14% increase year-over-year, and nearly $100 billion in annual revenue. - The company now has over 1 billion subscriptions across its services, driven by expansions in Apple Arcade, Fitness+, and Tap to Pay for iPhone in 20 markets. - Despite fewer iPhone sales, customer engagement with Apple's services hit new highs, reflecting sustained growth and investor confidence. Source: [TechCrunch](https://techcrunch.com/2025/01/30/apple-tops-1-billion-subscriptions-nearly-100-billion-in-services-revenue-in-2024/)

Apple reported a record $26.3 billion in Services revenue for Q4 2024, a 14% increase year-over-year, and nearly $100 billion in annual revenue.
The company now has over 1 billion subscriptions across its services, driven by expansions in Apple Arcade, Fitness+, and Tap to Pay for iPhone in 20 markets.
Despite fewer iPhone sales, customer engagement with Apple's services hit new highs, reflecting sustained growth and investor confidence.

Source: TechCrunch