Apple Inc. (NASDAQ:AAPL) – Apple Services Business Booms in 2021: Record App Store Developer Revenue, Apple TV 4K Launched, Apple Pay Expands to New Markets, and More .

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Apple, Inc. (NASDAQ: AAPL) The services business is a critical cog in the tech giant’s wheel, and the company provides an update on how the segment fared in 2021.

“Apple’s portfolio of world-class services proved essential in 2021, as people around the world sought new ways to be entertained, informed, connected and inspired,” said declared Swirl tail, Apple’s senior vice president of services.

The Apple executive noted that Apple, with more than 745 million paid subscriptions, continues to connect developers, artists and storytellers around the world with users on more than a billion devices.

The App Store is experiencing double-digit growth: The App Store’s global platform connected businesses of all sizes with more than 600 million people every week last year, across 175 countries. Apple said developers have earned more than $260 billion since the App Store launched in 2008.

Last January, the tech giant reported that developers had earned more than $200 billion since the launch of the App Store, indicating that developers have earned $60 billion in 2021. This significant number establishes a new annual record for App Store developer revenue, the company noted.

In the just-ended holiday season alone, App Store customers spent more than ever between Christmas Eve and New Years, driving double-digit growth over last year , Apple added.

Apple Arcade: Apple’s video game subscription service Apple Arcade’s game library saw its biggest expansion yet in 2021. It now offers gamers of all ages more than 200 premium, family-friendly games.

Apple says that in 2022, gamers can expect new games to be released, including “Nickelodeon Extreme Tennis,” and enjoy new content updates added weekly.

AppleTV+: Apple Music, which offers listeners one of the largest catalogs of music in the world, now offers more than 90 million songs, all available in lossless audio, the company said.

Apple Music Radio, which includes Apple Music 1, Apple Music Hits and Apple Music Country, provided subscribers with exclusive radio shows, the company said. Music radio hosts are connected to the world’s biggest superstars, the tech giant added.

In 2021, Apple Music launched the Voice Plan, a new Siri-powered subscription tier.

Related Link: Apple Analyst Explains Why Cupertino is Ahead of Expectations in the December Quarter

AppleTV+: Apple said Apple TV+ subscribers will be able to enjoy even more anticipated Apple Originals in 2022. All Apple Original shows and movies are available on the Apple TV app, accessible from over 1 billion devices, including popular smart TVs.

The next generation of Apple TV 4K, launched last spring with the Siri Remote, is available in 24 countries and regions, including Belgium, Hong Kong and Russia.

Apple News: Apple News continues to be the number one news app in every market where it is available. In 2021, Apple News launched local news experiences in six additional cities.

Apple Podcasts: In 2021, Apple launched Apple Podcasts subscriptions, giving listeners the ability to subscribe to shows and channels instantly while supporting their favorite creators.

Apple Pay: Apple Pay expanded to nine new markets in 2021, including Colombia, Israel and Mexico. This service is now available in nearly 60 countries and regions, and works with nearly 9,000 banking partners worldwide.

Apple Wallet, an easy-to-use and secure digital wallet, helped customers access important health information in 2021, with the ability to add and display verifiable COVID-19 vaccination cards, and in Australia , health insurance cards, Apple said.

In 2021, customers used 30 million NFC (stadium entry technology) tickets in the Apple wallet for music, sports and theater events in the United States and Canada. The ability for customers to simply tap their iPhone or Apple Watch to pay and take public transport is now available in more than 200 cities around the world after recently debuting in China, Russia and Sweden. The feature is also available in San Francisco with the Clipper card.

Related Link: What to expect from Apple’s Spring 2022 event: New iPhone SE, iMac and more

Photo: Courtesy of apple.com

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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