After announcing an all-time revenue record of $20.8 billion for its Services business during the fiscal 2023 first quarter, Apple has revealed that it has more than 935 million paid subscriptions worldwide, the largest number ever recorded by the company.
Between October 2022 and December 2022, Apple set an all-time revenue record of $20.8 billion in its Services business, which covers Apple Music, iCloud+, Apple TV+, Apple Arcade, Apple News+, AppleCare, and more.
The news came after the iPhone maker shared lacklustre financial results for the fiscal 2023 first quarter, marking the first year-over-year sales decline for the company since 2019 as quarterly revenue reached $117.2 billion, down 5 percent year over year.
The latest Q1 2023 results cover the period where Apple’s market valuation dropped below $2 trillion as shares declined to their lowest value since June 2021 at $125.07, with the company posting net quarterly profit of $30.0 billion, compared to net quarterly profit of $34.6 billion in the year-ago quarter.
