6 Metrics That Highlight Apple's Impressive Services Business
One key theme that has driven investors to become increasingly optimistic about Apple (NASDAQ: AAPL) stock recently has been the tech giant's momentum in services. That fast-growing business unit has become a substantial driver of both revenue and profits for the world's largest tech company.
In Apple's recently reported blowout fiscal first quarter, its services business continued to fire on all cylinders. The segment's momentum further validated the company's ongoing transition toward more predictable revenue streams. In addition, its broad services offerings are fortifying the company's competitive advantage by more firmly entrenching customers in Apple's ecosystem.
To see just how strong Apple's services business is now, consider these six figures.
Source Fool.com
