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Rahul Das
Product and analytic...Ā ā¢Ā 1y
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. Appleās "MOAT" locks customers into their ecosystem. If you buy an iPhone, you're likely to get an Apple Watch and other Apple products due to seamless integration. Switching away becomes hard once you're invested in their ecosystem. Their recurring revenue model, like iCloud storage and the App Store's 30% cut, ensures steady income. Every app purchase or subscription adds to their profit without extra effort. Key lessons: Create products people loveāsleek, simple, and durable. Prioritize privacy to attract users who care about data security. Offer excellent customer service to keep customers coming back. In essence, Appleās strategy leads to smooth operations, significant profits, and strong customer loyalty. Follow their playbook for business success.
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