4 ms·
Since Apple does not disclose how much money they make from advertising specifically, conflating it into their "services" business, we have to guess a bit: "In
by noisem4ker 3y ago
Since Apple does not disclose how much money they make from advertising specifically, conflating it into their "services" business, we have to guess a bit:
"In 2021, Apple generated 3.7 billion U.S. dollars with its global advertising business." [1]
"Apple’s services business, which includes advertising and subscription revenues, grew 24% year over year last quarter to a record $19.5 billion"
"It’s likely that a large share of this category’s growth comes from advertising" [2]
"Apple ad business could reach $6B by 2025, with $4.1B from Search Ads" [3]
For reference, 2023 Q2 revenue from "services" amounted to 20.9B USD, while
hardware product sales amounted to 73.9B USD. [4]
We're thus talking about ~4%, not exactly a rounding error.
[1]
https://www.statista.com/statistics/1330127/apple-ad-revenue-worldwide/ https://www.statista.com/statistics/1330127/apple-ad-revenue...
[2]
https://www.insiderintelligence.com/content/apple-ad-revenues-skyrocket-amid-its-privacy-changes https://www.insiderintelligence.com/content/apple-ad-revenue...
[3]
https://appleinsider.com/articles/22/06/15/apple-ad-business-could-reach-6b-by-2025-with-41b-from-search-ads https://appleinsider.com/articles/22/06/15/apple-ad-business...
[4]
https://www.apple.com/newsroom/pdfs/FY23_Q2_Consolidated_Financial_Statements.pdf https://www.apple.com/newsroom/pdfs/FY23_Q2_Consolidated_Fin...