How can something be so wrong and still being upvoted on HN is totally beyond me.
From [1] ( The Link you referenced )
>This $1.1 trillion breaks down as $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising and $104 billion for digital goods and services.
They take 15% to 30% of $104 Billion. That is at best $31.2B. In case this isn't even clear. Apple collect ZERO on the $910 physical goods and services such as Uber and ZERO on the $109 In-App Advertising revenue.
>~80% margin on $165-$330B revenue in 2022 would be $132-$264B. So my original number of $100B may actually have been on the low side.
It is 80% margin on the at best $31.2B revenue. Not the $104 Billion Sales.
Apple reported FY 2022 Services Revenue as $78B. You cant have a Net Profits more than your total Services Revenue Income.
From [1] ( The Link you referenced )
>This $1.1 trillion breaks down as $910 billion in total billings and sales from the sale of physical goods and services, $109 billion from in-app advertising and $104 billion for digital goods and services.
They take 15% to 30% of $104 Billion. That is at best $31.2B. In case this isn't even clear. Apple collect ZERO on the $910 physical goods and services such as Uber and ZERO on the $109 In-App Advertising revenue.
>~80% margin on $165-$330B revenue in 2022 would be $132-$264B. So my original number of $100B may actually have been on the low side.
It is 80% margin on the at best $31.2B revenue. Not the $104 Billion Sales.
Apple reported FY 2022 Services Revenue as $78B. You cant have a Net Profits more than your total Services Revenue Income.