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Stockreport

Apple's services unit is now a $100 billion a year juggernaut after ‘phenomenal' growth [CNBC]

Apple Inc. (AAPL)  More Company Research Source: CNBC
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
In its September quarter, the company reported just under $25 billion in services revenue, equaling $100 billion a year. “It's an important milestone,” Apple CFO Luca Maestri said on a call with analysts. Apple's second-largest division after the iPhone has turned into a $100 billion a year business that Wall Street loves. In Apple's earnings report on Thursday, the company said it reached just under $25 billion in services revenue, an all-time high for the category, and 12% growth on an annual basis. “It's an important milestone,” Apple CFO Luca Maestri said on a call with analysts. “We've got to a run rate of $100 billion. You look back just a few years ago and the the growth has been phenomenal.” Apple first broke out its services revenue in the December quarter of 2014. At the time, it was $4.8 billion. Apple's services unit has become a critical part of Apple's appeal to investors over the past decade. Its gross margin was 74% in the September quarter compared to App [Read more]
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Stockreport

Apple's services unit is now a $100 billion a year juggernaut after ‘phenomenal' growth [CNBC]

Apple Inc.  (AAPL) 
More Company Research Source: CNBC
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
In its September quarter, the company reported just under $25 billion in services revenue, equaling $100 billion a year. “It's an important milestone,” Apple CFO Luca Maestri said on a call with analysts. Apple's second-largest division after the iPhone has turned into a $100 billion a year business that Wall Street loves. In Apple's earnings report on Thursday, the company said it reached just under $25 billion in services revenue, an all-time high for the category, and 12% growth on an annual basis. “It's an important milestone,” Apple CFO Luca Maestri said on a call with analysts. “We've got to a run rate of $100 billion. You look back just a few years ago and the the growth has been phenomenal.” Apple first broke out its services revenue in the December quarter of 2014. At the time, it was $4.8 billion. Apple's services unit has become a critical part of Apple's appeal to investors over the past decade. Its gross margin was 74% in the September quarter compared to App [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS