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Apple Reports 3Q 2024 Results: $21.4B Profit on $85.8B Revenue
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Apple has over 2 Billion active devices! That is how the Services revenue is so big! Do the Math!
Apple Now Has More Than 2.2 Billion Active Devices Worldwide
There are more than two billion active iPhones, iPads, Macs, and other Apple devices worldwide, Apple said today in the earnings report covering the...
www.macrumors.com
That isn’t a source for your made-up numbers.Apple has over 2 Billion active devices! That is how the Services revenue is so big! Do the Math!
Apple Now Has More Than 2.2 Billion Active Devices Worldwide
There are more than two billion active iPhones, iPads, Macs, and other Apple devices worldwide, Apple said today in the earnings report covering the...
Edit: I will help you out in 2022, Apple got $ 20B for the year from Google. If that number is the same this year, that is about $ 4B a quarter, or about 17% this quarter. Also, I didn't realize you were not the person I was quoting.
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I highly doubt it. My guess is that Apple has settled on the prices they have because that’s what they believe maximises profit. Lowering prices may lead to higher sales, but not necessarily greater profit (not to be confused with revenue).
And I don’t see Apple as a luxury brand either (maybe you are conflating that with premium). They certainly aren’t the first company to offer customers the option of paying more for something nice (or nicer).
Services has grown and taken a big chunk of that chart. People like services apparently.
Please give us more tiers on iCloud Storage.
Please give us more tiers on iCloud Storage.
Apple "Services" includes things such as the App Store, advertising, Apple Pay, Apple Card, AppleCare, subscription products like TV+, News+, Music, Arcade, and iCloud, and the $20 billion or so ($5 billion per quarter) for the Google Search default payment. $5 billion, assuming distributed evenly each quarter, would represent about 21% of services revenue this quarter.
Yearly. It was revealed in court documents in recent anti trust lawsuit against google.
Google’s Payments to Apple Reached $20 Billion in 2022, Antitrust Court Documents Show
Alphabet Inc. paid Apple Inc. $20 billion in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.
www.bloomberg.com
I'm honestly surprised that Mac sales are not better. Macs are everywhere now.
It’s a testament to their longevity and durability probably. Better build quality overall, plus no annoying blue screens to worry about.
That is a yearly amount, we are only looking at one quarter right now.Google’s Payments to Apple Reached $20 Billion in 2022, Antitrust Court Documents Show
Alphabet Inc. paid Apple Inc. $20 billion in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.
Can we get with reality and increase the quarterly dividend to $.50 - $.75 per share, already. The Stock Buyback is primarily for Apple's benefit on corporate taxes.
Agreed. Consumers often forget about all of the extra costs associated with products being sold. It's not just what the store bought it at (wholesale), but utilities + insurance + staff, etc. There are so many extra expenses that eat away at profit margins.
I have a small retail shop, and whether I sell anything or not, it's costing me $75 per day just to have the shop. $75, $75, $75, ... every single day. Open or closed. I would need to sell at least $150 in products before I even make $1.00 in profit that day. And that's not including staff costs.
Apple is doing extremely well being profitable month after month after month with their huge investments and operational costs. Applause.
Apple figured out what a lot of companies are just now figuring out. You don’t need to outsell the market, you just need a couple billion folks with money and the will to spend it. It literally doesn’t matter that more phones running Android are sold in a year, because a lot of those are just buying what they can afford.
So on top of Apple having to increase spending, they've had to redeploy, and mind you not a few or some but, "a lot of people" who were "working on other things" to help with Apple Intelligence and get it out on time for a delayed until October release
Do people still think Apple isn't behind on their Apple Intelligence?
🤣
Do people still think Apple isn't behind on their Apple Intelligence?
🤣
Or how it should run macOS. There are more iPad users coming from the familiar phone than from the unfamiliar macOS.
Apple’s leaning into that familiarity (which is why macOS is starting to look familiar to folks used to iPhones/iPads.
Everyone is waiting for the M4 or M5 Macs! A lot of people got the M4 iPad too!
Wait… Google pays Apple $80 billion a year?
(at most, around $5 billion IN THE LAST THREE MONTHS would be from setting google as default search engine… because Apple gets paid $20 billion PER YEAR from Google)
And they are cutting 15% (15,000) of their workforce. It shows Apple is doing far better than these earnings even demonstrate.
Hey, I’m trying to make a point that Google makes up most the majority of Apple’s Services revenue. I don’t need you bringing in facts that dispute that notion so… away with you, you bearer of truth and accuracy!
(This happens EVERY quarter!)
With Apple Intelligence (AI), buy and hold for the next 5 years at least! Apple's stock may double! That is a conservative estimate too! AI is a seminal event, not for just the tech industry but for the Whole World!