Today, Apple announced its earnings results for the third quarter of the fiscal year 2022, connecting with the same, due to the call point that is to be noted well revealed by Apple CFO Luca Maestri that the company could be on the way to the billion subscriber mark regarding its services business.
The services business grew to $19.6 billion in the third quarter of 2022, an increase from $17.4 billion year over year in the third quarter of 2021. In short, it had a higher revenue increase than any other of the company’s business, including the iPhone which grew just over $1 billion in revenue year over year.
Apple is closing in on a billion paid subscribers
According to Maestri, Apple has added around 30 million paid subscribers over the third quarter of 2022. Even more impressive, the company has added over 160 million paid subscribers over the last twelve months. Maestri touched on the amount of paid subscribers the company has added due to the call.
Therefore, As it working all of the way growth must enhance with lots of availability while growing to 860 million subscribers across all of its services, including Apple Music, Apple TV+, Apple News, iCloud, and more, the company’s chief financial officer Luca Maestri said today. It was very recent that Apple yesterday let aware all about its new beta version, iOS 16 beta 4. It has even been shared about SpaceX Starlink serves iPhones via hotspot and Apple’s TV+ streaming Airplay is compatible with even other smart TVs, it also improves Safari and avails USB-C in many devices and others.
Apple is under in excellent goodwill sharing across its network, thus it shows its worth in many ways. Apple beat analyst expectations for the third quarter, posting $82.96 billion in revenue. While iPhone sales rose 2.5%, Mac, iPad, Wearables, Home, and Accessories sales dropped year-over-year due to supply constraints and macroeconomic factors.