How does Apple make money? (25 different ways)
You may have heard of Apple because it is one of the largest tech companies in the world. However, maybe you are wondering: how does Apple make money?
Well, I’ve been researching this topic and discovered all the ways Apple makes money outside of the iPhone, so read on to find out how Apple makes money!
How will Apple make money in 2022?
In 2022, Apple makes money through Apple Arcade, Apple App Store, Apple One, Apple Watch, Apple iPhone, Apple Music, AirPods, Beats, Apple TV, and iCloud. In addition, Apple makes money through Homepod and various other services. That being said, the iPhone is Apple’s biggest revenue generator, and the US is where Apple makes the most money.
Would you like to see the full list of how Apple makes money? If so, read on to find out what Apple is doing to continue to be one of the largest companies in the world!
1. iPhone
Undoubtedly, the iPhone is Apple’s largest revenue generator, bringing in $191.9 billion in 2021, up from $137.7 billion in 2020.
2. Apple Watch
Apple Watch is Apple’s most popular wearable product and is extremely popular around the world, and since its launch in 2015, it has grown in popularity in recent years.
Additionally, the Apple Watch now has more than 50% market share and will generate $46.1 million in revenue for Apple in 2021.
3. MacBook
The MacBook is Apple’s line of computers that has been making money since the company’s inception and remains a significant part of its revenue.
For example, in 2021, the Mac will bring Apple more than $35.3 billion in revenue, up from $28.6 billion in 2020.
4. iPad
Apple makes money from the iPad, one of the best-selling tablets and electronics on the market, with revenue of $57.8 million in 2021.
5. Apple Arcade
For gamers out there, Apple Arcade is one of the best subscription services money can buy, with over 200 games to choose from, no in-app purchases or ads!
Also, Apple Arcade only costs about $50 a year, so it’s cheap for consumers but a revenue-generating machine for Apple.
6. Apple One
Apple One is a paid subscription bundle that lets you combine 6 different paid Apple services into one, including:
- Apple Fitness+
- Apple News+
- Apple TV+
- apple arcade
- Apple Music
Plus, you get more iCloud storage as part of the Apple One bundle, which Apple offers from $14.95 per month to $29.95 per month, which is a great revenue stream for Apple.
7. Apple App Store
Apple’s App Store has been a steady source of revenue for Apple for years, offering in-app game purchases and premium apps.
Also, in 2021, Apple earned over $85.1 billion from the App Store, and it doesn’t look like it’s slowing down anytime soon!
8. AirPods
AirPods have grown in popularity over the years, with more than 85 million units sold in 2021, slightly lower than the 114 million units sold in 2020.
9. iPod
The iPod may not seem as important now as it was when it first launched, but since 2001, the iPod has sold over 400 million units.
However, due to declining sales in recent years, Apple stopped making the iPod because the iPhone’s capabilities have made the iPod nearly obsolete.
10. Beats
Apple is the parent company of Beats and makes a steady stream of revenue from the sale of Beats headphones.
11. Apple TV
Apple TV will have more than 75 million subscribers by 2022, up from 48 million a year ago. However, the Apple TV didn’t look the way it hoped.
That being said, Apple TV has only been around since 2019, so the company can still make it a more successful service, and its customer base has been loyal.
12. Homepod
The Apple Homepod is a smart speaker developed by Apple and one of the most popular home products the company offers.
At this time, sales of virtual assistant speakers have exceeded 10 million units.
13. iCloud
Apple offers cloud storage through iCloud, which is a constant source of revenue for the company because you can buy more cloud storage at any time.
Plus, whether you need to store documents or photos, or need cloud storage to get work done, Apple offers you the best subscription options so you’ll never run out of space!
14. Podcast Subscriptions
Podcast subscriptions have become more popular for Apple over the years, especially since Apple offers developers the opportunity to put some podcasts behind a paywall.
15. Apple Fitness+
Similar to Peloton, Apple Fitness+ lets you get workout videos so you can do the workout you want whenever you want, and it works with your Apple Watch.
Plus, you can track your activity with Apple Fitness+, and it’s worth buying a subscription if you love health and fitness.
16. Final Cut Pro X
Apple has the video editing software that makes money from it, Final Cut Pro, which you can buy for $299.99. However, it’s not the company’s biggest moneymaker.
17. Apple Music
Apple makes a decent amount of money from Apple Music, a video and audio streaming service.
The app allows users to listen to music on demand, create playlists and download songs to their devices.
Additionally, there are several subscription options available to users, the most popular of which are the $9.99 per month or $99 per year personal plan.
18. Apple AirTags
Apple AirTags are a tracking device made by Apple, if you attach an AirTag to your device, you can find your personal belongings, so it’s a good source of income for companies.
However, an AirTag is only $29, so Apple isn’t making a fortune on the tracking device. Nonetheless, AirTag is an ongoing source of revenue for Apple.
19. Apple News+
Apple News+ is a subscription service from Apple that gives you access to premium content from newspapers and magazines around the world.
Plus, Apple News+ will cost you $9.99 per month, so it’s one of the leading subscription services offered by Apple and an ongoing source of revenue for the company.
20. Mac App Store
Just like Apple has an App Store for iOS devices, there is also a Mac App Store for Macs where you can buy games, apps and programs.
Also, since the Mac is one of the top products Apple has developed, Apple keeps making money from the Mac App Store.
21. AppleCare+
AppleCare+ is an advanced insurance option from Apple that lets you protect your device.
Additionally, the price of AppleCare+ will vary based on the device you own and the insurance plan you choose.
Overall, Apple makes a lot of money by providing device insurance to customers.
22. Apple Business Essentials
Apple Business Essentials generates revenue for Apple because it costs $19.99 per month and comes with everything you need to run your business seamlessly.
For example, Apple Business Essentials comes with 200 GB of storage, remote configuration and deployment, and other device management services.
23. Apple Card
Apple Card is a credit card from Apple that allows Apple to make money because it involves transaction fees and interest on consumer account balances.
24. Apple Pay
Apple Pay, one of the financial services provided by Apple, is a category of services that is estimated to generate more than $1 billion in fee revenue from Apple Pay.
25. Other Apple Accessories and Peripherals
Apple provides other accessories and peripherals that bring in $1 million a year to Apple, including cables, chargers, and more!
To learn more, you can also read our posts on Apple Cash, Apple ID scams, and when Apple became popular.
in conclusion
Apple has many different revenue streams for the company to make money from, including iPhones, Macbooks, iPads, and Apple Watches.
In addition, Apple offers consumers many services and subscriptions, including Apple Arcade, Apple TV+, Apple News+, and AppleCare+. However, the biggest source of revenue is the iPhone, and the US is the largest country that generates revenue for Apple.
