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Apple, Inc.'s Mac Business Is Booming


Apple, Inc.'s Mac Business Is Booming

Apple's (NASDAQ: AAPL) fourth-quarter results solidified the growth story of the tech giant's two fastest-growing segments -- services and other products. Revenue from these two segments was up an impressive 34% and 36% year over year, respectively. But another one of Apple's product segments saw exceptionally strong double-digit growth during the quarter -- and it may surprise you. Apple's Mac revenue surged 25% year over year.

Here's a closer look at Apple's booming Mac business, and how Mac sales have rebounded sharply recently.

Macbook Pro at a video editor's workstation. Image source: Apple.

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Source: Fool.com

Apple Inc. Stock

€263.40
0.420%
The Apple Inc. stock is trending slightly upwards today, with an increase of €1.10 (0.420%) compared to yesterday's price.
Currently there is a rather positive sentiment for Apple Inc. with 74 Buy predictions and 7 Sell predictions.
With a target price of 280 € there is a slightly positive potential of 6.3% for Apple Inc. compared to the current price of 263.4 €.
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