Apple Pay Looks Hugely Successful [The Motley Fool]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: The Motley Fool
Expanding markets and increased consumer acceptance drive the service's growth. For a while now, Apple ( NASDAQ:AAPL ) has been talking up its fast-growing services business . It's not hard to see why. Services, which includes revenue from Digital Content and Services, AppleCare, Apple Pay, licensing and other services, is Apple's second-largest segment by revenue (behind the iPhone). More importantly, services are becoming a larger part of Apple's overall revenue mix over time, and that should bode well for Apple's bottom line. In the most recent quarter, the segment made up 17.9% of sales, up from 16% in the year-ago quarter. As this growth continues, services performance will continue to increase the company's margins, according to comments made by company CFO Luca Maestri. Image source: Apple. One service that has been quite successful for Apple has been its mobile payments service, Apple Pay. On the company's July 31 earnings call, management shared s
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AAPL
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AAPL
Sec Filings
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- 4/15/24 - Form 4
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- AAPL's page on the SEC website