📈 Apple’s Revenue Shift: Services Surge as Product Sales Decline

Apple’s financial data from 2021 to 2024 reveals a significant shift in revenue composition. While product sales declined by 3.2%, from $306 billion to $296 billion, services revenue surged by 37.7%, climbing from $72 billion to $99 billion. This trend underscores Apple's strategic emphasis on high-margin services, which have become an increasingly vital driver of overall revenue growth.