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Apple’s Services Are Eating the Profit | Raleigh News
Apple’s Services division is now its biggest profit engine, raking in a quarter of revenue with a jaw-dropping 75% margin—far outpacing hardware. To boost recurring revenue, Apple quietly raised prices on Apple One bundles and Apple Music, nudging Family plans to $27.95 and Premier to $39.95, while also hiking individual Apple Music plans. The moves, justified by rising licensing costs, position Apple closer to rivals like Spotify—and aim to lure users into pricier bundles. Even as hardware prices creep up on Macs and iPads, iPhones remain untouched for now, but higher component costs suggest…
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