660 mn paid subscriptions: Apple records $16.9 bn in revenue from services

Delivering an all-time revenue record of $16.9 billion for its Services, Apple has reached more than 660 million paid subscriptions across the services on its platform.

This is up 145 million from just a year ago and twice the number of paid subscriptions Apple are only 2.5 years ago.

The company posted all-time records for the App Store, cloud services, music, video, advertising and payment services.

Apple’s installed base growth has accelerated and reach an all-time high across each major product category.

“The number of both transacting and paid accounts on our digital content stores reached a new all-time high during the March quarter, with paid accounts increasing double digits in each of our geographic segments,” informed Luca Maestri, Senior Vice President and CFO.