> *Apple as a whole only makes 21B a year from all services, and they run everyt...

metaphor on April 15, 2023 | parent | context | favorite | on: GM’s decision to ditch Apple CarPlay, Android Auto...

> Apple as a whole only makes 21B a year from all services, and they run everything from cloud storage, to synchronization, to an App Store with a wild profit margin from fees.

Correct on "wild profit margin", but your numbers are wrong according to FY22 10-K filing[1]:

  Services Revenue       = $78.129B
  Services Cost of Sales = $22.075B
  Services Gross Margin  = 71.7% ($56.054B)

[1] https://www.sec.gov/Archives/edgar/data/320193/0000320193220...

vanilla_nut on April 17, 2023 [–]

Thanks for the fact check. Looks like I accidentally grabbed quarterly numbers instead of yearly. At least it's the correct order of magnitude :)