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Apple makes more money per unit selling an iPhone than most automakers make from selling an entire car. The auto industry has historically been a low margin, l
by kenhwang 6y ago
Apple makes more money per unit selling an iPhone than most automakers make from selling an entire car.
The auto industry has historically been a low margin, low volume, high capital investment industry with significant government subsidies.
- chairmanwow1 6y agoThey make money from servicing the car, which Apple is quite skilled at capturing as well..
- kenhwang 6y agoWhich is expected to be severely reduced with EVs unless Apple's plans are to enter the ICE market.
- chairmanwow1 6y agoFair point.
- rrrrrrrrrrrryan 6y agoMakes me wonder if they're going to try to make money off of services and subscriptions...