Apple's Services Business Remains a Major Catalyst
Apple (NASDAQ: AAPL) stock has soared over the past year, rising more than 70%. This sharp rise is partly due to investors' growing appreciation for the tech giant's lucrative services business. As this key segment grows, the company is becoming less dependent on unpredictable hardware revenue.
Apple's services business hasn't disappointed in 2020. It has consistently been growing by double-digit rates year over year. Moreover, the key segment saw accelerated growth in fiscal Q4.
Here's a closer look at this import catalyst -- and why investors can count on it to keep delivering.
Source Fool.com
