Post on Medial

Nawal

 • 

SELF • 6m

🔵 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.

8 replies14 likes
2
Replies (8)

More like this

Recommendations from Medial

Anonymous
Image Description

📈 Apple has released its third quarter financial report. Revenue for Q3 2024 was $85.8 billion (+5% vs. Q3 2023). Net income was $21.45 billion. Category: • iPhone: $39.30 billion (-0.94%) • Mac: $7 billion (+2.4%) • iPad: $7.16 billion (+23.6%)

See More
1 replies7 likes
Image Description
Image Description

Mr Z

 • 

Medial • 1m

The most underrated CEO in the world: Tim Cook. Steve Jobs built Apple to $350 billion. Tim Cook took over in 2011 and grew it to over $3.4 trillion in just 12 years. Here’s how he turned Apple into the most successful company in the world: Whe

See More
19 replies49 likes
20
Image Description

Aakash kashyap

Stealth • 1m

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 More
1 replies7 likes
2

Chamarti Sreekar

Stealth • 15d

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

See More
0 replies2 likes
Image Description
Image Description

Dhanush R

Stealth • 3d

Apple Expands Presence in India: Apple opened 4 new stores in India because they hit an all-time high revenue in the Indian market. In other words, they don’t have any additional sources to generate revenue in India right now. They already have one

See More
5 replies7 likes
Image Description
Image Description

Aakash kashyap

Stealth • 20d

Do You know ❓ "PROJECT TITAN" 💡 Imagine if Apple’s next product wasn’t in your pocket but taking you across the city—hands-free. That was Project Titan: Apple’s audacious $10 billion adventure to revolutionize the car industry. This top-secret

See More
13 replies11 likes

Rahul Das

Stealth • 5m

Apple is the most profitable company because they master both volume and premium pricing. They sell millions of iPhones and MacBooks at high prices, ensuring hefty profits per item. Apple’s "MOAT" locks customers into their ecosystem. If you buy an

See More
0 replies6 likes
1
Image Description

Inactive

Stealth • 4m

OpenAI has generated $3.4 billion in annualized revenue from ChatGPT subscriptions as of mid-2024. This represents a more than doubling of revenue from late 2023, when it was around $1.6 billion. Most of OpenAI's revenue, about $3.2 billion on an an

See More
1 replies5 likes
1

Sanskar

Stealth • 5m

Do you remember Nokia 3310 - the indestructible phone? Nokia was the king of phones between 1998 to 2011 (14 years) but it has now disappeared from the market. So what exactly webt wrong with this giant? In late 2000s there was a shift from featur

See More
0 replies9 likes
Image Description
Image Description

Sanskar

Stealth • 6m

"Ofbusiness" the company whose revenue is approx 2.5x the revenue of Zerodha, 2x the revenue of zomato and 5x the revenue of lenskart is the Amazon for Raw material procurement with a revenue of Rs 15,432 crore and a profit of Rs 463 crore in FY23. A

See More
5 replies28 likes
5

Download the medial app to read full posts, comements and news.