Apple’s software ecosystem is making more money than most of its products

Apple is not only the most profitable tech company, but it also tops the charts that include all companies worldwide. With the wide variety of products that Apple is offering – from smart watches to desktop computers, one might assume that they are the source of Apple’s record profits. And that is mostly correct, but there’s a twist.

Of course, Apple’s iPhones are bringing in the most money, after all, the company is the world’s third largest smartphone maker. What comes next, however, is not the iPad or MacBook laptops, but instead it’s the combined revenue of Apple’s services. Those ...