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> 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 m
by metaphor 4y 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 4y agoThanks for the fact check. Looks like I accidentally grabbed quarterly numbers instead of yearly. At least it's the correct order of magnitude :)