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Three Things You Need to Know About Apple
The services business is where the really high margins are at, because they aren't having to constantly purchase new materials and ship them over China. Apple CEO Tim Cook has said that the company now has 745 million paid subscribers across its services,. That's up 160 million year over year, and is also up five times in five years. In 2021, just under half of their revenue came from the US.
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