> Apple’s VP of advertising platforms Todd Teresi has been asked to bolster annual revenue into 'double digits' from about $4 billion today" (Aug 2022)
Double digits isn’t a major player. Google and FB are already making nearly 200B ad revenue each. If every Apple app and device showed ads constantly it still wouldn’t come close to the views that fb and web pages get to display ads used by Google and Facebook.
Just to put everything onto the same scale, 4 to "double digits" requires a 2.5X increase. "Double digits to triple digits" would require a further 10X increase.
Basically take everything lost by Meta/Facebook directly attributed to ATT and you'll get a very clear picture on what they can very easily get back with their own ecosystem.
> If every Apple app and device showed ads constantly it still wouldn’t come close to the views that fb and web pages get to display ads used by Google and Facebook.
I can’t begin to imagine how irritated Tim Cooke is by the revenue Google and Facebook make from adverts on iOS and he clearly wants in on it.
Given that both those ad companies make revenue off iOS, it’s not unreasonable to aim for a similar level on the platform.
That's only the immediate goal. It would be bad for them to eat up the percentage of the market lost by their competition right away; that would get some unwanted attention regarding monopolistic behavior.
They clearly want a slice of that market, and they have the patience needed to wade in.
Double digits isn’t a major player. Google and FB are already making nearly 200B ad revenue each. If every Apple app and device showed ads constantly it still wouldn’t come close to the views that fb and web pages get to display ads used by Google and Facebook.