Sunday, December 10, 2023

Apple’s Services Earned $78B in Fiscal 2022, Up $10B Year Over Year


Apple’s services category, which encompasses the App Store, Apple Music, Apple Pay, AppleCare, Apple TV+, Apple Arcade, Apple Fitness+, iCloud+, and more, earned a total of $78 billion in revenue in fiscal 2022, according to today’s earnings results for the fourth fiscal quarter of the year.

The services category earned $19 billion across the last three quarters, up almost a billion from the $18 billion earned in the last three quarters of 2021. Services overall earned $10 billion more in 2022 than in 2021, with Apple seeing strong growth.

Apple earlier this week said that it is going to increase the price of ‌Apple TV+‌ and ‌Apple Music‌, with individual ‌Apple Music‌ subscriptions increasing by $1 and ‌Apple TV+‌ subscriptions increasing by $2.

Apple One Bundles have also increased in price by $2 to $3, with Apple blaming the ‌Apple Music‌ price hikes on licensing fees and the ‌Apple TV+‌ increase on its growing catalog of content.Tag: Earnings
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