Fool.com contributor Parkev Tatevosian elaborates on the positive impact the services business has on Apple's (AAPL +0.00%) profitability.
*Stock prices used were the afternoon prices of Aug. 22, 2023. The video was published on Aug. 24, 2023.
Here's Why Apple's Services Segment Is Crucially Important
By Parkev Tatevosian, CFA – Aug 25, 2023 at 4:45AM
NASDAQ: AAPL
Apple
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Apple's services segment is growing faster than the rest of the business overall.
About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.