How Does Apple Make All That Money?

Tech companies, in the past few years, have grown to huge sizes. One of these tech giants, among Google, Microsoft, and Facebook is Apple. Apple, as we all well know, has been around for a long time and, in 2018, became the first publicly traded U.S. company to reach $1 trillion.

Apple is dominating the tech world and even more so in the U.S.; nearly half of all smartphones, tablets, and smartwatches bought in the U.S. are apple products. Following the money around can also really show you how much Apple can make in a year. From 2018, Apple’s net sales were worth $266 billion and after operating expenses, Apple was left with a gross margin of $102 billion. More than half of this came from iPhone sales, but also came from Mac, iPad, and services like Apple Music, Apple Pay, and iCloud. Apple unit sales in 2018 were super high when they sold 218 million iPhones, 44 million iPads, 23 million Apple Watches, and 18 million Mac sales. These numbers, compared to their launch date sales, really shows how much Apple has grown and is growing.

Find out why Apple remains on top and some of Apple’s secrets to success here.

Infographic Source: https://sellyourmac.com/how-apple-makes-its-money/