I think App Store revenue is pretty close to hardware revenue at this point, which is absolutely mind-boggling once you consider the volume/margins of the iPhone. 80-odd billion dollars of Developer Program subscriptions and 30% cuts, what a racket.
> App Store revenue is pretty close to hardware revenue at this point,
Fiscal 2022 Services revenue is 77 million and iPhone revenue is 220 million, so it's not there yet, but it's beating iPad (29 million) and Mac (40 million) combined which is nothing to sneeze at.
I don't think that Apple discloses App Store revenue separate from Services revenue
Apple says they paid out 60B in App Store revenue to developers in 2021, if you used the 30% figure (which is unfair because they charge 15% on +1yr subscriptions and <1M revenue) that would be like 26B in commissions. Take that for what you will.
Would you like a [visual representation](https://www.statista.com/statistics/382260/segments-share-re...) of how incorrect you are? App Store revenue is part of "Services", which accounts for just shy of 1/5 of the company's revenue. The rest is by definition hardware. Certainly services as a growth division has been a big part of Apple's story to investors, but to say that App Store revenues is close to hardware revenue is clearly daft.
