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SELF • 1y
🔵 Apple Defies Low Expectations With Services Strength Despite a 10.5% decline in iPhone sales to $46 billion, Apple’s Q2 2024 results exceeded pessimistic forecasts. Total revenue dipped 4% to $90.8 billion, but the services segment shined, growing 14% to a record $23.9 billion, now over 25% of sales. With 2.2 billion active devices and 1 billion paid subscriptions, services are a cash cow. Apple also announced a massive $110-billion buyback, driving shares up 7%. For startup founders, Apple’s resilience underscores the value of diversifying revenue streams beyond flagship products. Building recurring services revenue can provide a cushion during sales slumps and open new growth avenues, exemplifying the importance of continually evolving business models.
Co-founder & Product • 4m
Apple Leads Global Smartphone Market in Q4 2024 with Record $125B Revenue. Apple secured the top spot in Q4 2024, driven by strong iPhone 16 sales and holiday demand, according to IDC and Counterpoint Research. The company reported $125 billion in r
See MoreBuilding JalSeva and... • 9m
This image shows Google's Q3 2023 earnings, with $76.7 billion in revenue. Key contributors are search, YouTube, Google Play, and Google Cloud, with ad revenue being the largest at $59.6 billion. Google’s net profit is $19.7 billion (26% margin), whi
See MorePassionate about Pos... • 8m
Apple is expected to sell about 90 million AirPods this year. (Generating +$20 billion in revenue) That’s more revenue than: Spotify Ralph Lauren Blackstone Chipotle Airbnb Domino’s Pizza Shopify KKR DoorDash Hilton Hotels Here’s how the public
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