How Services Will Become Apple’s Next $100 Billion Business

Apple Inc's news service has reached 100 million monthly active users and customers spent more than $1.4 billion in the App Store between Christmas and New Year, the latest signs of growing revenue from the iPhone maker's services business......»»

Apple stock rose more than 4% in morning trading after a strong set of third-quarter earnings that showcased the strength of its services business......»»

The services segment is now a $43 billion business......»»

Apple, which touts more than a billion of its devices in use around the world, is trying to steer the attention of Wall Street away from falling iPhone sales......»»

Apple, which touts more than a billion of its devices in use around the world, is trying to steer the attention of Wall Street away from falling iPhone sales......»»

The company, which touts more than a billion of its devices in use around the world, is trying to steer the attention of Wall Street away from falling iPhone sales......»»

For years, Apple has focused on growing the services included in its ecosystem. Here's one way Tim Cook could kick the division into high gear......»»

Apple Inc. is taking its time building an original-video operation, but its streaming efforts could become a major contributor to services revenue in just a few years......»»

The rally in UiPath indicates the growing demand for such services as more business.....»»

Wipro Ltd. an India-based global IT, consulting and business process services company, said Thursday it has reached an agreement to acquire Capco, a London-based technology and management consulting firm.....»»

Target Corp. plans to spend $4 billion each year over the coming several years on things like store remodels, technology improvements and order fulfillment services to further enhance and grow its business......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Magna is helping tech groups and start-ups enter the auto business. Could the iPhone maker be next?  .....»»

Slumping iPhone sales and other near-term problems are being offset by Apple's incredible services business. If anything, this makes Apple quite a safe bet......»»

The recent quarterly results have proved that services will be a huge driving force for Apple in the years to come. The business is fairly insulated against the pandemic, too......»»

Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world......»»

Yves Herman/Reuters Apple reported revenue of $58.3 billion for its fiscal second quarter, falling below its initial Q2 guidance but surpassing Wall Street's muted expectations.  Apple's iPhone revenue .....»»

Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India......»»

Facebook will buy a 10% stake in the digital business of India's Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services......»»

Alibaba Group Holding Ltd. plans to bolster its cloud business as the new coronavirus outbreak drives increased demand for online services......»»