“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
Already is more profitable than Amazon and Netflix combined today.
More profitable for whom?
“Already is more profitable than Amazon and Netflix combined today.”
And, as a stand-alone unit IS an S&P 500 company today.
Very few recognize the value of Services (and its annual growth rate) to AAPL.
Nobody doubts the value of services.
The problem is, Apple’s services suck.
So sick of the tired and misinformed meme that Apple Services suck. You are completely clueless. Apple Services are fantastic: Mail, iMessage, FaceTime audio and video, Calendars, News, Maps, Reminders, Notes, Find My iPhone, location sharing, Back to my Mac; iCloud Keychain, iCloud Backups, iWork, iCloud storage, shared Desktops and Document folders, Continuity features, AirPods handoff, Apple Pay, HomeKit, iTunes Match, Apple Music streaming, iTunes Movie and TV rentals, Podcasts… You name it, Apple does it, invisibly and reliably.
Apple services are the best in tech across the board, but they can get better..