Apple announces Services revenue of $20.9 billion in Q2 2023, marking new all-time high
Apple’s popular Services business, which includes Apple Music, iCloud, Apple TV+, and more, has reached a new all-time high in the iPhone maker’s fiscal 2023 second quarter, with the company posting Services revenue of $20.9 billion, comprising of more than 975 million paid subscriptions across all Services.
The insight comes as Apple has announced its fiscal Q2 2023 earnings results, reporting revenue of $94.8 billion, down 3 percent year over year.
Apple’s Services business covers Apple Music, iCloud+, Apple TV+, Apple Arcade, Apple News+, AppleCare, and more. According to Maestri, the company saw record growth for the App Store, iCloud, Advertising, and AppleCare.