Apple Services Revenue Hits Record as Subscriptions Cross Milestone

Apple's services division delivered another record quarter, with paid subscriptions crossing a fresh milestone across App Store, Apple Music, iCloud, and Apple TV+. The company credited the growth to continued expansion in emerging markets and bundled offerings like Apple One.Services now account for a growing share of Apple's total revenue, helping cushion hardware sales cycles. Executives noted double-digit growth in advertising and cloud services, both of which are becoming meaningful profit drivers.Wall Street responded positively to the numbers, with several analysts raising price targets and pointing to the resilience of the subscription model even as device sales fluctuate quarter to quarter.