• Hollywood Reporter, Thursday, August 3, 2023 5:17 PM

Apple has topped 1 billion paid subscribers of its various services, the company revealed in its quarterly earnings report. "This is the third consecutive quarter to see a decline in revenue from Apple, thanks to slower sales of its hardware devices, like the iPhone and Mac lines," per Hollywood Reporter. "However, its services business continues to grow at a rapid pace, hitting $21.2 billion in the quarter, up from 19.6 billion yeast year. Apple services include Apple TV+, Apple Music, Apple Arcade, Apple News, and iCloud+. The company did not break out how many subscribers used which service, beyond the topline 1 billion figure."

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