2 ms·
Some quick googling told me a lot of things Apple hides how much it makes in the app store by combining it into their iPhone product segment. "Apple doesn’t d
by jimhi 5y ago
Some quick googling told me a lot of things
Apple hides how much it makes in the app store by combining it into their iPhone product segment.
"Apple doesn’t disclose how much revenue its App Store makes per year. Instead, since 2013, it has released data points in January that include the total that Apple has paid to developers since the beginning of the App Store in 2008."
The low estimates for the app store are $64 billion last year and 70%+ margins. It is entirely possible Apple makes most of its money from the app store.
- TheTon 5y agoI’m pretty sure the App Store is accounted under “Services” not “iPhone.” $64B sounds about right, but even if services had a 70% margin and hardware had only a 30% margin, hardware would still be the more profitable side of the business at the moment. https://sixcolors.com/post/2021/04/apples-record-second-quarter-in-charts/ https://sixcolors.com/post/2021/04/apples-record-second-quar...
- manquer 5y agoMaybe so, however if they drop their take to 15% from 30% it will drop their annual profit by 30Billion , which will influence the stock price massively. Senior management who have a large chunk of their salary in stock arent going to do it easily. Apple can survive without this money yes, but no one at apple is likely to let it go without fighting for it.