Home > Industry > Apple To Grow Services Business

Apple To Grow Services Business

Apple’s services business is set to double by 2020, according to a Credit Suisse analyst.

The upbeat report comes as analyst sentiment around Apple has been improving. In the company’s latest quarterly report, services accounted for just eight percent of total revenues at roughly US$6.1 billion. But the segment has been expanding, with sales up 26 percent from the same time a year ago.

Already gross profits from internet services, AppleCare, Apple Pay and licensing have grown to $14.5 billion a year from $3.2 billion in 2010, analyst Kulbinder Garcha said.



You may also like
Apple Sets Feb 19 For iPhone SE 4 Launch
Apple TV+ Comes To Android Users
Why Is Monitoring Your Heart Better With New Powerbeats Pro 2 Buds?
Apple iPhone SE 4 Renders Leaked
Apple Settles iPhone 7 ‘Loop Disease’ Lawsuit With US$350m Settlement

Popular Posts

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
/
Seagate To Acquire Intevac In All-Cash Deal
Latest News
/
/
YouTube Shorts with Veo 2
Google Boosts Online AI Video With Veo 2
Latest News
/
/
Leaked Renders Of Samsung Budget Galaxy A36 Revealed
Latest News
/
/
French AV Brands Getting Traction In OZ Advance Paris The Latest
Latest News
/
/

Digital Magazines

Recent Post

Worldwide Appliances Jack Up Prices Ahead Of New Outdoor Cooking Range Launch
Latest News
/
//
Comments are Off
  Six months after Worldwide Appliances took on the Everdure Barbecue brand the business has announced price rises of between...
Read More