The Traderszone Network

Published in TZ Latest News 11 May, 2016 by The TZ Newswire Staff

Why Services May Be the Key to Apple’s Comeback

Apple‘s (NASDAQ: AAPL) post-earnings sell-off was no surprise. For the first time in 13 years, revenue contracted, with iPhone sales falling sharply. However, lost in the chatter was the key to what could be renewed growth down the road: The company’s services segment grew 20% to $6 billion in sales in the quarter, as CEO Tim Cook touted the “incredible strength of the Apple ecosystem and our growing base of over 1 billion active devices.” 

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