iCloud storage leads the pack in Apple’s services ecosystem
Apple has been aggressively expanding its Services segment, including Apple Music, Apple TV+, AppleCare, and the App Store, to create a steady revenue stream that balances hardware sales. While all services are not equally popular, paid iCloud storage is the most widely adopted despite its low cost compared to other services.
Nearly two-thirds of US Apple customers subscribe to paid iCloud storage, according to new data from Consumer Intelligence Research Partners (CIRP). The seamless integration across Apple devices and the paltry 5GB free storage limit encourage users to upgrade to paid tiers once they exceed it.