“While shares of Apple have lagged over the past sessions, Wall Street must remember how lucrative the company’s services business could become within 10 years,” Brian Sozzi writes for TheStreet.

Sozzi writes, “RBC analyst Amit Daryanani estimates the business will represent 30% of Apple’s sales by 2025.”

“Meanwhile, all eyes on Netflix earnings after the close Monday,” Sozzi writes. “Amazon Prime Day could help push shares of Amazon beyond the $1 trillion valuation mark.”

Read more in the full article here.

MacDailyNews Take: Apple’s Services are an unstoppable juggernaut!

SEE ALSO:
Morgan Stanley: Buy Apple shares on the ‘emerging power’ of its services – May 24, 2018
Apple as a service: Services offer growth, visibility, and profitability – May 15, 2018
AAPL’s paradigm shift – May 11, 2018
Apple Services: The nitrous in Cupertino’s profit engine – November 27, 2017
Inside Apple’s massive services results – August 9, 2017
Misunderstanding Apple Services – August 7, 2017
Dispelling the Apple Services myth – May 3, 2017
Apple’s Services business: $7 billion in revenue last quarter alone – May 3, 2017
Apple’s Services (App Store, Apple Music, Apple Pay) business is an unstoppable juggernaut that’s still just gathering strength – May 3, 2017