Apple today announced that they have now reached over 1 billion customers who subscribe to their services. This is one of the big achievements, especially in Apple's efforts to diversify its income and not rely on the sale of devices alone.
With service revenue as well, Apple will be able to generate revenue almost every month on a recurring basis – and unlike device sales that only happen once.
Apple has several services under them, including iCloud, Apple Music, Apple TV+, Apple Arcade, Apple Fitness+, and others. Apple also unifies everything under the Apple One package to make it easier for customers to get services at a low price.
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BUSINESS & MONEY