Apple hits 1.5 billion subscription milestone, still falls short of Wall Street wants

Apple reported that paid subscriptions across its platform have reached 1.5 billion, alongside record June-quarter Services revenue of $30.74 billion. The Services division grew 12% year over year across areas including the App Store, iCloud, Apple Music, AppleCare, advertising, video, and payments. However, the result fell short of analysts’ expectations of $31.22 billion, with Apple citing foreign exchange headwinds.

Summary generated July 31, 2026. AI summaries can make mistakes.