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

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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.

appleservices
The services category earned $19 billion during the quarter, up almost a billion from the $18 billion earned in the year-ago quarter. Services overall earned $10 billion more in 2022 than in 2021, with Apple seeing strong growth. Services subscribers have increased significantly, with Apple reporting more than 900 million paying subscribers, up 155 million since last year.

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

Top Rated Comments

fwmireault Avatar
fwmireault
8 months ago
$10B increase year over year only for services? Damn no wonder they raise the price of their services and Apple One, they must be ruined
Score: 19 Votes (Like | Disagree)
Hurda Avatar
Hurda
8 months ago

Services overall earned $10 billion more in 2022 than in 2021, with Apple seeing strong growth.
No wonder they had to introduce gambling-ads.
Score: 12 Votes (Like | Disagree)
MrENGLISH Avatar
MrENGLISH
8 months ago

$10B increase year over year only for services? Damn no wonder they raise the price of their services and Apple One, they must be ruined
Exactly what I was about to say. Apple sure is hurting and is not being greedy at all.
Score: 9 Votes (Like | Disagree)
SFjohn Avatar
SFjohn
8 months ago

I had a good laugh when Tim said that some of the increase in the Apple Music price would be passed on to the artists. Maybe Taylor Swift, Adele, Ed Sheeran and the like will do all right. But unless they have millions (or billions) of streams, artists collect next to nothing from streaming services (which I guess is better than nothing at all). Physical media was far more profitable.
i remember hearing from multiple sources that physical media only made profits for the record companies, artists have to tour to make real money for themselves.
Score: 4 Votes (Like | Disagree)
Apple_Gabe Avatar
Apple_Gabe
8 months ago
Apple gives you value, but they definitely will not compromise on profit, they’ve been that way for as long as I can remember.
Score: 4 Votes (Like | Disagree)
CarAnalogy Avatar
CarAnalogy
8 months ago

$10B increase year over year only for services? Damn no wonder they raise the price of their services and Apple One, they must be ruined
They're about to lose at least one Apple One subscriber over that, so let's see if that gambit pays off. It was already barely justifiable at the current price.
Score: 4 Votes (Like | Disagree)
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