Do they have anything like the same volume? Lenovo’s annual revenue is about half of Apple’s annual profit.

They don’t have the same profit margins but they are the #1 volume PC manufacturer in the world. They also own the Motorola smartphone business.

Apple is #4 in PC volume but they certainly make up for it with their smartphone volume.

And of course, they have a lot of service revenue to pad the balance sheet.

	▲	wat10000 4 hours ago \| parent [-]
		I'm not even looking at Lenovo's profits. I'm comparing their revenue to Apple's profit just to emphasize the difference in scale. By the numbers, Apple is a smartphone business that has a casual side hobby of also being the #4 PC maker. Their PC sales are ~3x less than Lenovo's, but their smartphone sales are 10x their PC sales. There's plenty of commonality so the massive smartphone business surely helps with supply on the computer side of things as well.