Apple’s services business now has more than 1B subscribers

Apple's services business and its growth in subscribers and revenue.

Key points:

• Apple's services business now has over 1 billion paying subscribers.
• The services portfolio includes iCloud, Music, Fitness+, Pay, Apple Card, and Apple TV+.
• The company added 150 million subscribers in the past year.
• Revenue from services reached $21.2 billion, up 8% from the previous year.
• Services accounted for over 25% of Apple's total revenue in the quarter.
• Soccer star Lionel Messi's arrival in the US is boosting Apple's subscription numbers.
• Apple Card Savings account deposits have crossed $10 billion.
• Apple executives are optimistic about the services business for the current quarter.
• The company aims to convert free users to paid users by offering more and better content.