What comes in our mind as we hear ‘Apple’ are its flawlessly made hardware devices such as iPhone, MacBook, Apple Watch, iMac, iPad, etc. But, these are just the devices that Apple manufactures; beside them, there are several other things coming from Apple company. In recent years, Apple has changed its perspectives and started working on several other things, mostly includes software and services.
Apple Music, Apple TV+, Apple Pay, iTunes, iCloud, Apple Care, and App Store have gained impeccable popularity and achieved massive success in the past years. As per the infographic below, since 2013, the software and services profit increased to a threefold. It went from $13.5 billion a year as per the records of 2013 to $51+ billion a year by 2020.
The annual revenue of Apple is way more than any company can ever dream of. Hardware sale of Apple contributes 80% to the total revenue of the company.
Infographic by: Statista.com