https://medium.com/@giacaglia/apple-services-65b5120e7e93

Apple’s revenue breakdown for 2018This week Apple held an event in their campus announcing a suite of services. According to Tim Cook, services will represent a bigger portion of their revenue, and therefor Wall Street should focus on that instead of iPhone numbers. He has announced a few times that Services is where growth is headed for Apple. Apple’s announcement shows that it is extremely committed to it. But are the announced services going to be meaningful to its business?

Wall Street reacted poorly when Apple announced that it was going to stop reporting the number of iPhones sold. That is no surprise, given that most of Apple’s revenue comes from its phones. There is a slow down in that part of the business, because they are running out of people that they can sell its phones.