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As I said elsewhere, it really depends on the definition of "service". Subscriptions make up a relatively small minority of that service revenue. For example, 30 seconds of searching suggests that Apple Music's revenue in 2024 was approximately $10b compared to the company as a whole being around $400b. That's not nothing, but it doesn't shape the company in a way that it's competitors are shaped by their service businesses.

The biggest bucket in that "service" category is just Apple's 30% cut of stuff sold on their platform (which it also must be noted, both complements and is reliant on their device sales). That wouldn't really be considered a "service" from either the customer perspective or in the sense of traditional businesses. Operating a storefront digitally isn't a fundamentally different model than operating a brick and mortar store and no one would call Best Buy a "service business".





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