Apple Revenue from Services

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  • Post last modified:November 5, 2019

Apple Revenue from Services & Other products 2013-2018

Apple

The following table shows the revenue of Apple Inc from services and other products from 2013 to 2018. Sums are in millions.

Year/RevenueServices (Millions)Other Products ($Mn)
2018$39,748 M$17,381 M
2017$29,980 M$12,863 M
2016$24,348 M$11,132 M
2015$19,909 M$10,067 M
2014$18,063 M$8,379 M
2013$16,051 M$10,117 M

Apple’s revenue from services and other products has seen a significant rise during the recent years. Its revenue from services rose to $39.75 Billions in 2018 rising from $29.98 Billions, the previous year. Meanwhile its revenue from other products rose to $17.4 Billions in 2018 from $12.9 Billions in 2017.

About Apple:

Apple, the leading technology brand and the maker of iPhone and Mac was founded in1976 by Steve Jobs and Steve Wozniak. In mid 2018, the brand touched its highest ever market valuation of 1 Trillion dollars. In 2018, its revenue has touched an all time high at 265.6 Billion dollars. From Macbook to iPhone as well as Apple Watch, Apple TV, and Mac Mini, the brand has brought several technologically innovative and attractive products to the market. iPhone is the best selling product in its entire range of products. Apart from that, iPads and MacBooks are also major sources of revenue for the brand. Its product and service range also includes iCloud, Apple Pay, digital content and services.It invests 5% of its net sales each year in R&D. Its research and development costs rose to 14.24 Billion dollars in 2018 from 11.6 Billion dollars previous year. Current CEO of Apple is Tim Cook. Its main competitors are Microsoft, HP, Dell, Samsung and Acer.

Sources:

Apple Annual reports (form 10K)

Abhijeet Pratap

Abhijeet has been blogging on educational topics and business research since 2016. He graduated with a Hons. in English literature from BRABU and an MBA from the Asia-Pacific Institute of Management, New Delhi. He likes to blog and share his knowledge and research in business management, marketing, literature and other areas with his readers.