Introducing 'Chart Library' - Let's start with Apple
All the charts about Apple's operating performance you'd ever care about
One often request we get is charting a company’s financial performance, all in one place. It’s easy to get lost in all the data we come across, so to have this single source of truth for all the critical data of a company is quite handy and helpful.
So we’re introducing a new chart series: Chart Library. And we will start with Apple today.
Revenue breakdown by products vs services - Apple's revenue breakdown over the past several years showcases a significant evolution in the composition of its strategy. Historically, Apple's revenue was predominantly driven by product sales, including the iPhone, Mac, iPad, and other hardware devices. However, the company has made notable strides in expanding its service offerings, which have become an increasingly vital component of its financial success.
In recent years, Apple's product revenue has experienced varying degrees of growth. While the iPhone has remained a cornerstone of the company's product lineup, its revenue growth has plateaued, largely due to market saturation and longer replacement cycles. The introduction of new product categories, such as the Apple Watch and AirPods, has provided incremental revenue streams, although not on the same scale as the iPhone.
Conversely, Apple's services revenue has witnessed a remarkable upward trajectory. Services encompass a broad range of offerings, including the App Store, Apple Music, iCloud, Apple Pay, and AppleCare, among others. This segment has experienced consistent growth, fueled by a loyal and expanding customer base, and the growing adoption of subscription-based services. Apple's commitment to enhancing the user experience, investing in content creation, and expanding its services globally has further contributed to this upward trend.