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 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.
Popular Stories
Apple CEO Tim Cook is stepping down as Apple's chief executive officer, and hardware engineering chief John Ternus is set to take over, Apple announced today.
Cook will continue on as Apple CEO through the summer, with Ternus set to join Apple's Board of Directors and take over as CEO on September 1, 2026. Cook is going to transition to executive chairman, and he will "assist with certain...
While the iPhone 18 Pro and iPhone 18 Pro Max are not launching until September, there are already plenty of rumors about the devices.
It was initially reported that the iPhone 18 Pro models would have fully under-screen Face ID, with only a front camera visible in the top-left corner of the screen. However, the latest rumors indicate that only one Face ID component will be moved under the...
During its Platforms State of the Union segment at WWDC 2025, Apple revealed that macOS 26 Tahoe is the final major macOS version for Intel-based Macs.
The upcoming macOS 27 release will be compatible with Apple silicon Macs only, meaning that you will need a Mac with an M-series chip or a MacBook Neo with an A18 Pro chip in order to install the software update. macOS 27 should be available...
