Apple’s Hack To Their $1+ Trillion Worth

Apple became the first publicly traded U.S. company to reach a market value of $1+ Trillion in 2018. The iPhone alone pulled in 63% of Apple’s annual sales, earning $167 billion. Apple's array of self-made services accounted for 14% of the profits, collecting $37 billion. Overall, Apple's gross margin was $102 billion in 2018, and after deducing $164 billion in operating expenses, the gross margin of the company was $103 billion.