– why is apple the biggest company and most valuable but doesn’t make the most revenue

Question

like it’s walmart according to wikipedia

In: 17

Answer 1

You probably spend more than $1200 on food every year. That’s the price of an iPhone 15 Pro Max. The iPhone is very profitable though while food usually is not. Think about how much it costs to gather and transport a truck full of actual apples to be sold for $1/pound. There’s almost zero profit in that business.