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I’d like a source for the “37%” profit from the App store. Apple’s services division which includes the app store, music service, icloud services, apple pay, a
by quitit 5y ago
I’d like a source for the “37%” profit from the App store.
Apple’s services division which includes the app store, music service, icloud services, apple pay, apple card, arcade/news/tv+ and fitness generated 20% of apple’s profit in their last filing.
If we rewind to before the addition of apple music and most of those other services we have this division earning just 10%.
It’s simply not supported that the app store is as profitable as you state - the figure you’ve suggested is closer to the iPhone’s share of apple’s profit.
Sources: fy21q3 & fy15q3 earnings statements.
- heavyset_go 5y agoFrom here[1]: > In the second week of the trial, in which the maker of “Fortnite” alleged monopolistic practices by Apple in federal court in Oakland, Calif., Epic called an expert witness — Ned Barnes of the Berkeley Research Group — to the stand. > Barnes calculated that the App Store had hefty profit margins, which increased to 78% in 2019, up from 75% in 2018, and generated $22 billion in commissions for Apple last year. [1] https://www.marketwatch.com/story/how-profitable-is-apples-app-store-even-a-landmark-antitrust-trial-couldnt-tell-us-11622224506 https://www.marketwatch.com/story/how-profitable-is-apples-a...
- quitit 5y ago.. but this didn’t at all support your statement that the App Store generates 37% of apple’s profit. Apple make around 70-80B revenue per quarter, 22B in annual commission is around 6% of annual revenue… That 22B figure doesn’t even touch on costs.