What’s the yearly, recurring revenue per user of iOS, Apple’s mobile platform?
$150, estimates Asymco’s Horace Dediu, extrapolating from the number of devices in the market and a 3.5 average device lifespan.
That’s a lot of money per user. And assuming users are loyal, that’s recurring revenue.
“If we extrapolate growth of iOS to 500 million users then we can assume they will generate $74 billion/yr in recurring revenues,” Dediu adds.
And yet Apple’s trading at a P/E of 15. Amazing.
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