Ledger reports that hardware sales, including wallets and the new Recovery Key, now generate half of its total revenue, with the remaining 50% coming from services such as Ledger Live

Quotes that support claims

These days, selling wallets – and soon recovery keys – accounts for 50% of the company’s revenues, with services, such as trading within Ledger Live, making up the other half

Guillemet notes that the revenue split between its core hardware products and services has shifted in the past several years