There is a major 'something new' happening at Apple and that is the growth trajectory of its services revenue. This rapid growth, a potential doubling in three years, is only possible because of the global footprint of Apple devices in the world. The number of iPhones in the world is fast approaching 1.4bn. This creates a fabulous potential for Apple to sell services like ApplePay, the App Store, Apple Music, Apple TV, books, Apple Arcade, iCloud+ and more.
Individually they are often very cheap, like 79p a month for more iCloud capacity, but they can start to add up and this is valuable recurring revenue for Apple which is highly valued by investors.
To get unique access to stock market news and analysis from Quentin Lumsden, one of London’s leading stock market experts, and to continue reading this article…
Subscribe
With Quentinvest, from as little as 68p per day you’ll learn about successful high performance growth-share investing – and how to apply it to make significant profit for yourself.
Find out more View portfolio performance figures
Already a subscriber?
