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Apple is huge, boring… and still rewriting the rules

Apple is huge, boring… and still rewriting the rules

KAHROS Team

TL;DR

Quick Summary

  • Apple is a roughly $4T giant as of late 2025, embedded at the top of major index ETFs like SPY, VOO, and VTI.
  • Revenue has stabilized in the $500B+ range, with services and subscriptions quietly becoming the higher-margin growth engine.
  • Regulators are steadily chipping at Apple’s App Store control, while a bigger, more explicit AI push is expected around 2026.
  • For most younger investors, owning the U.S. market already means making a long-term bet on Apple’s ecosystem by default.

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