It is possible, with a lot of effort, that Apple could go from advertising representing 1% of revenue to maybe 10% over the next 10 years. I don't think that's realistic, but maybe. "Turning into an advertising company" is maybe overstating?
Besides, the whole reason Apple is in advertising is that free-with-ads is an important business model for media and developers, and the other players are pretty horrible. Me, I hate ads and will always pay directly for apps/media, and I don't like what Apple's doing in ads. But I think you're being a little over-dramatic there.
Apple 2022 revenue: $398B[0]
Apple 2022 ad revenue: $4B[1]
It is possible, with a lot of effort, that Apple could go from advertising representing 1% of revenue to maybe 10% over the next 10 years. I don't think that's realistic, but maybe. "Turning into an advertising company" is maybe overstating?
Besides, the whole reason Apple is in advertising is that free-with-ads is an important business model for media and developers, and the other players are pretty horrible. Me, I hate ads and will always pay directly for apps/media, and I don't like what Apple's doing in ads. But I think you're being a little over-dramatic there.
0. https://www.macrotrends.net/stocks/charts/AAPL/apple/revenue
1. https://www.vox.com/recode/2022/12/22/23513061/apple-iphone-...