Inside Note
Apple's phone business and Apple's services business are not the same kind of business. $1,000 of iPhones leaves about $370 after building them. $1,000 of subscriptions leaves $750. Services is a quarter of Apple's revenue and nearly half of what's left after costs — and it pays for every engineer, store and ad Apple has, worldwide, with $20 billion to spare. #apple #iphone #business #economics #learnontiktok
More
