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by dmode 1137 days ago
Apple is now making $20bn on just service PER QUARTER. This is their failed product.
2 comments

What’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.

Apple "services" revenue includes the App Store. So their biggest competitor is the Google Play Store.
Ah 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.

AppleCare+ 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.

I would think iCloud is their biggest seller, considering the price and utility to almost all iPhone users.
Yeah for sure. I would guess storage, music, tv, fitness and arcade, news in that order.
1) App Store

2) Everything else

This includes the money Google pays Apple to be the default search engine. https://www.cnbc.com/2020/10/21/apple-services-success-story...