4 ms·
The figure is utterly ridiculous. They truly expect to generate a revenue stream 2x the size of Spotify or AirPods? Apple as a whole only makes 21B a year from
by vanilla_nut 3y ago
The figure is utterly ridiculous. They truly expect to generate a revenue stream 2x the size of Spotify or AirPods? Apple as a whole only makes 21B a year from all services, and they run everything from cloud storage, to synchronization, to an App Store with a wild profit margin from fees.
Of course, all American auto makers have wildly unrealistic plans for electric vehicle adoption in the next 5 years, too -- i think one of them is predicting $600B of revenue from EVs before 2030, when they currently only make a few million a year. Their finance departments must have some good drugs in the water coolers.
- LeifCarrotson 3y agoWhat's more ludicrous is that they expect to generate a revenue stream 1/6th the size of their entire automotive enterprise. You'll pay $300/mo for a car payment, and $40/mo for OnStar Audio, and $10/mo will be earned from selling your data and showing ads on your nav system.
- metaphor 3y ago> Apple as a whole only makes 21B a year from all services, and they run everything from cloud storage, to synchronization, to an App Store with a wild profit margin from fees. Correct on "wild profit margin", but your numbers are wrong according to FY22 10-K filing[1]: Services Revenue = $78.129B Services Cost of Sales = $22.075B Services Gross Margin = 71.7% ($56.054B) [1] https://www.sec.gov/Archives/edgar/data/320193/000032019322000108/aapl-20220924.htm#ief5efb7a728d4285b6b4af1e880101bc_79 https://www.sec.gov/Archives/edgar/data/320193/0000320193220...
- vanilla_nut 3y agoThanks for the fact check. Looks like I accidentally grabbed quarterly numbers instead of yearly. At least it's the correct order of magnitude :)