Even though Apple has been increasing its Services business, like apps, content, and advertising, Apple is still a hardware company.
Apple reported $62.9 billion in revenue for its fourth fiscal quarter of 2018 with 46.89 million iPhones sold.
Apple’s App Store brought in almost twice as much revenue in the first half of 2018 than the Google Play store.
If the App Store keeps growing like this, by 2019 the total iOS economy will be worth US$500 billion dollars.
Apple’s first fiscal quarter typically sees big sales numbers, and this time around CEO Tim Cook says he thinks it’ll be a record breaker. Translation: Apple expects to sell a metric crap-load of iPhones between October and the end of December.
Samsung should consider sending Apple a fruit basket because the iPhone X is set to earn the company substantially more in revenue than its own Galaxy S8 flagship smartphone.