Apple's Services Segment Becomes Primary Profit Engine, Outpacing iPhone Hardware

Summary

Apple's primary profit driver has shifted from hardware to its Services segment, which boasts a 75.3% gross margin compared to Products' 36.2%, largely due to App Store commissions and search licensing. Despite ongoing legal challenges, particularly from Epic Games and regulatory bodies, the standard in-app commission largely remains intact, though a global 30% rate is becoming history.