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Apple Inc. (NASDAQ:AAPL) let the hyperscalers and frontier AI labs fight over who builds the best chatbot. Then it charged them rent.
Analysis firm AppMagic estimates generative AI apps paid Apple nearly $900 million in App Store fees in 2025, with three-fourths coming from OpenAI’s ChatGPT alone.
xAI’s Grok was a distant second at roughly 5%.
The Wall Street Journal reported on Thursday that Apple is on pace to cross $1 billion in AI revenue this year from commissions alone.
The Toll Road Vs. The Money Pit
The contrast with the AI builders is hard to ignore.
Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) are on track to spend close to $700 billion combined on AI …
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