Apple reports a record-high 165 million paid subscriber additions across its services
Apple's business seems to be continuing its growth and not slowing down even a slightest bit. The company has recently reported a record-breaking high revenue in the fiscal Q1 2022. And now, AppleInsider reports that Cupertino has grown in other areas and not only iPhone sales and revenue. The company has added 165 million new subscribers in 12 months across its services, making the total of its paying subscribers amount to the staggering 785 million.
Luca Maestri, Chief Financial Officer and Senior Vice President of Apple stated that the growth was worldwide. He indicated that the December quarter records are present in every geographic segment. Together with the services that have added new subs, the company's advertisement and payment services have also gotten some growth. He added that Apple has done better than the company itself was expecting at the beginning of the quarter.
Maestri also said he was very pleased with the performance of the company in adding 165 million new subscribers to its services just in the last year.
The Senior Vice President of Apple also added that the company continues to have more engagement from its customers on all the services it provides, and the install base is growing (as you will see down below, the number of Apple devices has been steadily growing in the past years, and it could as well hit the staggering 2 billion this year if it continues to grow). Based on this information and the previously shared record revenue numbers, it seems that Apple has had quite a good year in 2021.
The earnings call had another curious aspect detailed by Apple. Pretty much it shows how in numbers how many Apple devices are active right now all around the world and the number is quite substantial: 1.8 billion active devices, according to the report (via AppleInsider).
Back in January of last year, Tim Cook shared that Apple's installed base hit 1.65 billion devices, and the iPhone held the majority of that, at 1 billion. That number reflects Apple's growth: at the start of 2020, the company had reported 1.5 billion devices and 1.4 billion in January 2019.
Basically, Apple has added 150 million new active devices during the last 12 months. The company just needs to increase with 50 million active iPhones, iPads, and other Apple devices this year. If it manages to pull this off, Apple will be able to reach a whopping 2 billion active devices.
But this is not everything that was shared during the earnings call. Additionally, Luca Maestri stated the company expects a record March quarter, with the improving conditions of the supply chain (as many of you know, in the past several months there have been chip shortages and supply chain issues due to the pandemic). The services revenue that the company is making would surely help it hit its expectations.
Apple iCloud, Music, And Apple TV+ video have a total of 785 million subs now
The 165 million new subs is actually an all-time record number of new subscribers for the company, and it includes subscribers for iCloud, Apple Music, and Apple TV+ (where Apple original series are found). Apple shared this information during its latest financial earnings call, where it also revealed its record-high revenue.
Graph comes from Malcolm Owen from Apple data
Luca Maestri, Chief Financial Officer and Senior Vice President of Apple stated that the growth was worldwide. He indicated that the December quarter records are present in every geographic segment. Together with the services that have added new subs, the company's advertisement and payment services have also gotten some growth. He added that Apple has done better than the company itself was expecting at the beginning of the quarter.
The Senior Vice President of Apple also added that the company continues to have more engagement from its customers on all the services it provides, and the install base is growing (as you will see down below, the number of Apple devices has been steadily growing in the past years, and it could as well hit the staggering 2 billion this year if it continues to grow). Based on this information and the previously shared record revenue numbers, it seems that Apple has had quite a good year in 2021.
And the number of active Apple devices is also staggering
The earnings call had another curious aspect detailed by Apple. Pretty much it shows how in numbers how many Apple devices are active right now all around the world and the number is quite substantial: 1.8 billion active devices, according to the report (via AppleInsider).
CEO Tim Cook and CFO Luca Maestri gave an update on the active Apple devices around the world. If Apple can continue with its growth a bit more than in the last couple of years, it is possible it can surpass 2 billion active devices this year.
Back in January of last year, Tim Cook shared that Apple's installed base hit 1.65 billion devices, and the iPhone held the majority of that, at 1 billion. That number reflects Apple's growth: at the start of 2020, the company had reported 1.5 billion devices and 1.4 billion in January 2019.
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