HN Reader

Kind of telling that

1, the iPhone outsells every other category by 5-7x ratio, and the Mac (which includes everything from Macbooks to Mac Minis to iMacs) barely sells more than the iPad.

2, Services (iCloud, apps, music, TV shows etc.) now bigger than every other category, except the iPhone, combined

Basically 76% of the sales are iPhones and Services

(millions)

iPhone $209,586

Mac $33,708

iPad $28,023

Wearables, Home and Accessories $35,686

Services $109,158

Total $416,161

Next 5 years or so (or even less) both the iPad and the Wearables, Home and Accessories category will overtake the sales of Macs.

Interesting that Google and Apple matched their quarterly earnings in revenue .

This stuck out like a sore thumb to me:

Q4 2024: Income before provision for income taxes $29.610 billion, Provision for income taxes $14.874 billion

Q4 2025: Income before provision for income taxes $32.804 billion, Provision for income taxes $5.338 billion

[EDIT:] The 2024 taxes were actually an aberration.

"the one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision" https://www.apple.com/newsroom/2024/10/apple-reports-fourth-...

All these companies depend on TSMC for their life.

Apple could substantially eat into Nvidia’s AI lunch if they really tried, honestly Macs are fast enough… my guess is by the time M6 is coming out they will have external GPUs available for both the data centre and home use. If I was them I’d already be taking orders, power requirements alone even if they aren’t as fast 2 nodes ahead would make their offering sensational.

How come they don’t add AI?

Serves them right. Make products people want and they buy, ignore them, and they don't. I thought Apple was supposed to be a simple company selling complicated things.