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Tim Cook Reveals That Apple News Hit 125 Million Monthly Active Users

Apple News has racked up 125 million monthly active users. CEO, Tim Cook revealed the growth of the news aggregation platform in the first quarter of 2020 during an earnings call. This represents a growth of 25 million in the first quarter of 2020.

 

The tech giant launched Apple News in 2015 and released a paid version called Apple News+ in 2019. The paid version offers its subscribers access to paywalled news sites and magazines for $9.99 a month.

 

Apple CFO, Luca Maestri also reported a strong 17% year-over-year growth across Apple’s paid services. This helped the company generate $13.34 billion in revenue for the sector with profit margins at 65.4%.

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“Amid the most challenging global environment in which we’ve ever operated our business we’re proud to say that Apple grew during the quarter,” Apple CEO Tim Cook said during the earnings call.

Tim Cook pleased with results amid the pandemic

In an interview with CNBC, the CEO said the quarter was unique and he’s pleased with the company’s achievement.

 

“We have great confidence in the long-term of our business. In the short-term, it’s hard to see out the windshield to know what the next 60 days look like, and so we’re not giving guidance because of that lack of visibility and uncertainty.

 

“It was a very unique quarter. I’ve never had anything quite like this. I hope to never have it again, but I’m incredibly proud of the company and what was achieved during that period of time,” Cook said in the interview.

 

Apple also said it will continue to repurchase its stock amid the pandemic. The company spent $67.1 billion in buying back shares and $14.1 billion on dividends in its 2019 fiscal year.

 

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Kolawole Awolope

Passionate about talking, passionate about talking tech.

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