Business · 1h ago
Apple Hits 1.5 Billion Paid Subscriptions, Beats Q3 Estimates
Apple reported record Q3 earnings, beating Wall Street expectations. The company now has over 1.5 billion paid subscriptions across its services. This milestone underscores Apple's growing reliance on recurring revenue from its ecosystem.
Meridian48 take
The subscription number is impressive, but growth rate and average revenue per user will matter more for long-term services profitability.
applesubscriptions