APPLE TOPS 1 BILLION SUBSCRIPTIONS, NEARLY $100B IN SERVICES REVENUE IN 2024

Summary from the TLDR newsletter

Apple's Services division, which includes the App Store, iCloud, Music, TV+, and other subscriptions, had an all-time revenue high of $26.3 billion last quarter. It generated nearly $100 billion in revenue over the past year. The company has over 1 billion subscriptions across its services. Expansions of offerings like Apple Arcade and Fitness+ contributed to the growth.