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Apple is now making $20bn on just service PER QUARTER. This is their failed product.
by dmode 3y ago
Apple is now making $20bn on just service PER QUARTER. This is their failed product.
- dagmx 3y agoWhat’s insane to me is that, I just looked up all their biggest competitors in each category Netflix was 8.18B the same quarter. Spotify was 3.17 Peloton was 0.8 Dropbox was 0.6 Edit: people pointed out the App Store might be included too. Which I see google play at something like 10B last quarter That means Apple is doing the same in services as all their biggest competitors combined for stuff that comes under services. I’m sure I’m leaving off stuff , like there are probably better services to pick in each, but still truly insane numbers. Even crazier because outside of Apple TV+, I barely ever hear people using Apple services. TV+still doesn’t have the content quantity and range to compete with Netflix either.
- lotsofpulp 3y agoI would think iCloud is their biggest seller, considering the price and utility to almost all iPhone users.
- lapcat 3y agoApple "services" revenue includes the App Store. So their biggest competitor is the Google Play Store.
- dagmx 3y agoAh good point. Though even then, I looked up googles annual revenue for 2022 on the play store and it’s some 40B for the year (can’t find quarterly for some reason). That’s still impressive for Apple given everything totalled from their top competitors is roughly equal to their own services.
- lapcat 3y agoAppleCare+ is also included in services revenue. I believe Google's special deal with Apple to be the default search engine in Safari is a part of services revenue.
- lern_too_spel 3y agoThis includes the money Google pays Apple to be the default search engine. https://www.cnbc.com/2020/10/21/apple-services-success-story-bolstered-by-huge-google-payments.html https://www.cnbc.com/2020/10/21/apple-services-success-story...