Apple held its annual stockholder's meeting today and Bloomberg reports that CEO Tim Cook spoke about what the future holds for the company. With iPhone sales sluggish (revenue from the device dropped 15% year-over-year during the holiday quarter), Apple is concentrating on its second largest business, services. The most profitable segment of Apple's operations, the group includes Apple Pay, the App Store, iTunes, AppleCare, Apple Music and more. Cook says that Apple is on pace to hit its target of $50 billion in services revenue next year from $25 billion in 2016.
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Friday, 1 March 2019
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