Here's Why Apple's Services Segment Is Crucially Important

By Parkev Tatevosian, CFA – Aug 25, 2023 at 4:45AM

NASDAQ: AAPL

Apple

Market Cap

$2,911B

Today's Change

(0.02%) $0.03

Current Price

$189.87

Price as of May 17, 2024, 4:00 p.m. ET

Apple's services segment is growing faster than the rest of the business overall.

Fool.com contributor Parkev Tatevosian elaborates on the positive impact the services business has on Apple's (AAPL 0.02%) profitability.

*Stock prices used were the afternoon prices of Aug. 22, 2023. The video was published on Aug. 24, 2023.

Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.