Apple reportedly spending $30 million a month on Amazon Web Services

Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon's Seattle headquarters in Seattle Washington U.S

Apple and Amazon did not respond to Business Insider's request for comment at the time of publication. Pinterest will have spent almost $750 million to Amazon for the cloud services at the end of its six-year contract in 2023.

The big picture: Apple continues to increase its reliance on Amazon Web Services (AWS), a trend that appears likely to continue for the foreseeable future.at least, until Apple can get its own infrastructure in place. That exerts huge demands of considerable computing and storage requirements on Apple.

As Apple increasingly turns its focus toward bringing in revenue from services and not just hardware, it's depending on a rival to help provide some of the necessary infrastructure. Microsoft has also provided a cloud service to Apple in the past.

Apple previously revealed that it uses AWS for its iCloud storage, but it hasn't divulged whether it uses AWS for other Apple services, CNBC said. That is $10 million more than past year, according to a report from CNBC.

The latest fiscal showed Apple spent $30.94 billion toward operating expenses. That's over 10 percent more than it spent in the year-ago quarter.

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They compete directly on smart speakers and on tablets.

According to analysts, Apple's ongoing transformation into a service provider and entertainment giant will amplify the cloud expenditure. As well as last month Apple also announced new subscription services for magazines and video. People walk past an Apple retail store in Downtown Brooklyn, January 29, 2019 in New York City. The deal means Apple is one of AWS's top customers.

If Apple continues to use AWS at those levels for the rest of the year, its annual spending on Amazon's cloud services would exceed $360m. One of those companies is Amazon.

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