Technically speaking, Apple is worth more than 1% of the global GDP and became the first publicly traded U.S. company to reach a market value of $1 Trillion in 2018. Thanks to a fleet of billion dollar products and services, as well as their strong commitment to the refurbished community, Apple continues to dominate the tech market unlike any other company. In 2018, the iPhone alone pulled in 63% of Apple’s annual sales, earning $167 billion. Following this, Apple’s array of self-made services accounted for 14% of 2018’s profits, collecting $37 billion. These services include iCloud, Apple Music, Apple Pay, Apple Care+, Apple TV+, and more. Overall, and after deducing $164 billion in operating expenses, Apple’s gross margin was $102 billion in 2018. However, Apple’s products and services aren’t the sole driver for their success. Steve Jobs’ philosophies on business have been carried on within the brand after his passing, stretching out their longevity. For example, Jobs’ mentality on product design - saying, “The aesthetic, the quality has to be carried all the way through.” Jobs also had an interesting take on quality, advising that, “Quality is more important than quantity. One home run is much better than two doubles.” You can see how these ideals transcended into Apple’s brand as Macs are built to last, and have many benefits that PCs simply do not offer. For instance: most PCs need to be replaced every 4 years, but a Mac can last nearly 2x as long. A mobile phone can lose more than half its value in just one month. However, iPhones hold their value 1.5x better than competitors. Overall, Apple continues to soar for several reasons: their ecosystem, retail presence, brand loyalty, and commitment to refurbish and recycle, and . To learn more about Apple’s persistent market value, take a look at the infographic below: Apple trade in

Apple

How AI Hacks Your Smartphone Camera

How GenZ Is Hacking Education

Founder & President of NowSourcing, a leading infographic design agency

NowSourcing

The Innovate Summit

Book a Call

Case Studies

HackerNoon Contributor of the Year - STORYTELLING

Too Long; Didn't Read

Apple’s Hack To Their $1+ Trillion Worth

Apple’s Hack To Their $1+ Trillion Worth

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

10 Best Infographics Of 2018

10 Soul-Crushing Reasons to Abandon the Catastrophic Mess That Is Swift

10 Best Free Vector Icon Resources for App Design & Web Design in 2018

The Noonification: Innovation Is Slowing Down (10/19/2022)

The Noonification: 2024 Just Might Be The Year Crypto Enthusiasts Are Looking For (1/8/2024)

3 Easy Ways to Share Your Location on an iPhone

10 Best Infographics Of 2018

10 Soul-Crushing Reasons to Abandon the Catastrophic Mess That Is Swift

10 Best Free Vector Icon Resources for App Design & Web Design in 2018

The Noonification: Innovation Is Slowing Down (10/19/2022)

The Noonification: 2024 Just Might Be The Year Crypto Enthusiasts Are Looking For (1/8/2024)

3 Easy Ways to Share Your Location on an iPhone

Light-Mode

Classic

Newspaper

Minty

Dark-Mode

Neon Noir

Minty

HN StartUps