The Traderszone Network

Published in TZ Latest News 14 August, 2017 by The TZ Newswire Staff

What’s Driving Apple’s Services Profits? It May Be Google.

Services has emerged as a key business for Apple (NASDAQ: AAPL), one that is becoming increasingly important to the bottom line — not only because it’s one of the fastest-growing segments, but also because it’s much more profitable. Services revenue jumped 22% last quarter, and is now the size of a Fortune 100 company. Digital content subscriptions, Apple Music, and iCloud storage are all contributing to that growth.

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