4 ms·
>Apple makes almost all of its money by people giving them money directly and them giving you stuff. The story used to be "they are making money on hardware",
by rubber_duck 6y ago
>Apple makes almost all of its money by people giving them money directly and them giving you stuff.
The story used to be "they are making money on hardware", then when that peaked it became "they are making money on services", once they peak in that market it's going to be "they are monitizing the content delivered through the ecosystem to provide a curated and safe experience" - it's all about showing growth an keeping stock prices.
- scarface74 6y agoThey have been making money off of curated content that you use with their hardware since 2003 when they introduced the iTunes Music Store. I’m still using my same Apple ID to purchase content from Apple that I used 17 years ago. But that still doesn’t change the equation. I give Apple money == they give me stuff.
- rsynnott 6y ago> The story used to be "they are making money on hardware", then when that peaked it became "they are making money on services", The story is still that they're making money on hardware; over 80% of their revenue (and potentially more of their profits; profit margin on the music stuff in particular can't be great).
- scarface74 6y ago77% but close enough. https://i0.wp.com/laptopcapri.com/wp-content/uploads/2020/05/financials-2020-4-4-1.png?w=618&ssl=1 https://i0.wp.com/laptopcapri.com/wp-content/uploads/2020/05...
- rsynnott 6y agoAh, was looking at data for a different quarter. Probably varies during the year, though; I assume hardware share peaks in Q4.