I found a few articles that backed it up for various companies, but they all used formulas like "total profit of mobile division per quarter / total number of phones sold", which seems like an awful metric. It's not like increasing the cost of a phone by 1¢ would double their profits.
With the same method, you can look at a bunch of Tesla's quarterly reports and say that they lose tens of thousands of dollars for every car they sell. It's marginally true, but not very informative.
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I found a few articles that backed it up for various companies, but they all used formulas like "total profit of mobile division per quarter / total number of phones sold", which seems like an awful metric. It's not like increasing the cost of a phone by 1¢ would double their profits.
With the same method, you can look at a bunch of Tesla's quarterly reports and say that they lose tens of thousands of dollars for every car they sell. It's marginally true, but not very informative.