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Do the high profits come from the hardware or from rent seeking behavior in the app store and elsewhere?
by htss2013 3y ago
Do the high profits come from the hardware or from rent seeking behavior in the app store and elsewhere?
- crazygringo 3y agoThey definitely come from the hardware, I'm talking about profits from the sale of hardware alone. In April 2023, Apple has a 30% market share of smartphones worldwide [1]. And in the first 3 months of 2023, Apple accounted for 50% of global smartphone revenue... and 80 percent of the industry's profits [2]. These is smartphone revenue, not services revenue. (Apple makes money from the App Store too but that's separate.) 80% of industry profit from 30% market share is certainly not a commodity. Cheap Android phones are a commodity. iPhones are the polar opposite. [1] https://www.oberlo.com/statistics/smartphone-market-share#:~:text=The%20latest%20statistics%20on%20the,worldwide%20use%20an%20Apple%20phone https://www.oberlo.com/statistics/smartphone-market-share#:~.... [2] https://www.statista.com/chart/29925/apples-share-of-the-global-smartphone-market/#:~:text=Thanks%20to%20its%20high%20average,first%20three%20months%20of%202023 https://www.statista.com/chart/29925/apples-share-of-the-glo....