Comment by FredPret
2 years ago
You're right - I didn't think of the App Store. That's a proper monopoly. "Services" are 23b out of 120b in total sales for them last quarter, but at a much higher margin. It cost them 6b to provide those services, but 58b to make 96b worth of hardware.
Looks like 1/3 of their gross comes from services.
Only some of the services are App Store - some of that money is from Apple TV and iCloud storage.
App Store income looks to be app fees and also advertising.
> and iCloud storage.
Which is itself another area where Apple forces consumers to use it.
You can't back up your iPhone to Google Drive or Dropbox. So here's your 5GB of space for any and all Apple devices you own, make it last or pay us monthly.