Apple's Mobile Economy Is Bigger Than You Think

Earlier this week, Apple (NASDAQ: AAPL) released the results of a study conducted by economic consultants at the Analysis Group, providing new details around how much commerce is enabled by the company's platforms. In particular, this is the first time that investors have gotten any figures regarding physical goods and services, which are exempt from Apple's commission.

Spoiler alert: It's a lot.

iPhone users spent around $500 on average on their phones last year. Image source: Apple.

Source Fool.com