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Services revenue is now 1/6th of the overall revenue and growing in double digit %. Apple still relies heavily on iPhone revenue but looks like in 5 years their
by gordon_freeman 9y ago
Services revenue is now 1/6th of the overall revenue and growing in double digit %. Apple still relies heavily on iPhone revenue but looks like in 5 years their main revenue source can be services. Also I wonder why they do not consider Apply Pay as a part of the services and put it in other product category?
- pducks32 9y agoIt could be to obscure the Apple Watch numbers. They don’t want it to be reverse engineered so they hide a sizable and decently appropriate thing in there.
- matwood 9y agoAwhile back, I think was a Cue who said the watch made up a large chunk of this category. It led analysts to, at the time, believe the watch was already a 1B in revenue product. Based on what I'm seeing anecdotally, it's quickly growing.