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ephemeral-life | 2 years ago

Revenue doesn't really matter, you should look at profits. Amazon makes most of their revenue from the website, but pretty much all of their profits come from cloud. The tech giant business model is to dominate distribution and extract profits by self preferencing. Im sure apple's services division is a good portion of their profits.

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JimDabell|2 years ago

> Revenue doesn't really matter

Grandparent is claiming that Apple aren’t a hardware company any more. Pointing out that the vast majority of their income comes from hardware is totally relevant.

Apple brings in hundreds of billions from selling hardware every year. They are definitely still a hardware company.

the_gipsy|2 years ago

The income is irrelevant if it's just a vessel to make profits from the services. In detriment of the user, who once could trust that they were buying a device, but now are getting locked in some subscription schemes.

Apple has passed the event horizon of extracting profits now.