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by nivertech 5635 days ago
Notice that IBM and Apple revenues are higher, because they selling mostly hardware. MSFT selling mostly software with exception of XBox.
1 comments

This isn't true for IBM. In 2009 IBM's revenue from hardware was less than 17% from total revenue.

http://www.ibm.com/annualreport/2009/2009_ibm_annual.pdf

Services revenue is mostly consultants salaries too. What I mean, that software and advertisement margins are generally higher, than for hardware and services.