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In 2019, their App Store profit margin was roughly 80%[1]. [1] https://www.bloomberg.com/news/articles/2021-05-01/apple-s-app-store-had-78-profit-margin-in-201
by heavyset_go 3y ago
In 2019, their App Store profit margin was roughly 80%[1].
[1] https://www.bloomberg.com/news/articles/2021-05-01/apple-s-app-store-had-78-profit-margin-in-2019-testimony-shows https://www.bloomberg.com/news/articles/2021-05-01/apple-s-a...
- HWR_14 3y agoSince that $64 billion is gross revenue, their profit margin is trivially less than 30%, since they have to pay out 70+% to developers.