Apple's profits now come mostly from services, not just iPhone sales.

From Nasdaq: 2024-05-12 11:30:00

Apple’s profits are no longer solely reliant on iPhone sales, with services now accounting for nearly 40% of gross profits. Although iPhone demand is stagnating, the higher profit margins of services make it Apple’s most profitable sector. A pending new iPhone release with AI capabilities may further boost revenue.

Investors should note Apple’s shift towards a more service-centric business model, with potential for significant growth in this sector. While iPhone sales remain a concern, Apple’s profitability through services is a key point of strength. Consider alternative investment options for potential higher returns, as identified by Stock Advisor analysts.



Read more at Nasdaq: Most People Think Apple Makes Money From Selling iPhones and MacBooks, but Here’s Where Its Magnificent Profits Come From