Moat Index
Companies· Platforms

AppleAAPL

Moat score

An installed base that is expensive to leave, monetized through services on top of paid-for hardware.

MOATE3.9Deep
3.9 Deep
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DimensionMOATECommunity
Switching costsweight 15Photos, purchases, iMessage groups, and family plans compound the cost of leaving.8—
Network effectsweight 15Device-to-device features and iMessage make each Apple user more valuable to the next.7—
Scale & cost advantageweight 12Buys components at volumes no rival can match; designs its own silicon.8—
Brand & pricing powerweight 12Holds premium pricing across a decade of "good enough" competitors.10—
Cornered resourceweight 12Custom silicon, retail footprint, and the OS itself.7—
Distribution controlweight 12The definitional case: owns the OS, the store, the browser, and the default search slot — and charges Google for the last one.10—
Disruption resilienceweight 12A new form factor could reset the board; Apple is usually first to it.7—
Independenceweight 10App Store economics are under regulatory pressure on three continents.6—

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How strong is Apple's moat?

Question 1 of 8

Switching costs

Switching costs · weight 15

How painful — in money, time, risk, retraining — is it for a customer to leave?

5