BOOMER APPLE

Summary from the TLDR Product newsletter

Apple has shifted from being a primarily hardware-driven company to one increasingly focused on services, as evidenced by its pricing strategies and growing reliance on software differentiation. Despite holding iPhone prices steady in the face of inflation, Apple's profit from services is nearing that of hardware, signaling a major shift in its business model. Apple is evolving with age, moving toward maximizing long-term growth through services rather than relying solely on hardware innovation.