Apple could reach a billion paid subscribers by next year

Today, Apple held its earnings call to announce its financial results for its third quarter of 2022. During the call, Apple CFO Luca Maestri revealed that the company could be on the way to the billion subscriber mark regarding its services business.

Apple’s 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 fact, 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.

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