Apple's second largest business could face hard times ahead says analyst

Even though Apple has seen sluggish demand for the 2018 iPhone models, the company figures that it could count on its services division for continued growth. The businesses included in this category include AppleCare, Apple Pay, the App Store, iTunes, Apple Music and more. It is the second largest generator of revenue for Apple (after the iPhone, of course), and is believed to be the most profitable part of the company. Apple CEO Tim Cook has pointed out that the company's services business benefits from the large installed base of iPhones, believed to be as high as 1.5 billion units globally. ...

Friday, 18 January 2019 GSM ARENA GSMArena.com