Apple's service revenue in 2022 has exceeded that of Nike and McDonald's combined.

CTOnews.com, February 10 (Xinhua) according to the latest analysis released by market research firm Finbold, revenue from Apple's services business reached $79.4 billion in 2022, surpassing several Fortune 500 companies in this market segment alone.

This analysis lists the revenue of many well-known companies in 2022, and CTOnews.com summarizes it as follows:

Boeing's revenue in 2022 was $66.6 billion.

Intel's revenue in 2022 was $63.1 billion.

Nike's revenue in 2022 was $49.1 billion.

American Airlines' revenue in 2022 was $49 billion.

Coca-Cola's revenue in 2022 was $42.3 billion.

McDonald's revenue in 2022 was $23 billion.

In other words, Apple's revenue from its service business alone exceeds that of Nike and McDonald's combined ($72.1 billion). Finbold is optimistic about Apple Services and believes that the consumer and business markets have great potential for further growth.

Apple service business includes subscription service (Apple One), advertising revenue (Apple search engine and App Store) and fee income (App Store).

Revenue from Apple services since 2016