Apple makes hundreds of billions selling iPhones. But how much it spends on an unrelated business may shock you. | 08.26.24

$200 billion. That’s how much revenue Apple (NASDAQ: AAPL) generated from iPhone sales last year.Most people think that makes Apple the most valuable company in the world. And they’re not entirely wrong. But it’s more complicated than that.Let’s take a look at how Apple makes its money, and why it’s spending so much on a business that you — and many other investors — probably don’t pay much attention to.Continue readingRead more about the full article at MotleyFool Read more about the full article at MotleyFool