2019’s Services Launch
Apple released the first iPhone in 2007. But in 2019, it may have done something just as significant. This year, Apple slowly kicked off its slow transition to a services-based business with the release of Apple News+, Apple TV+, Apple Card, and Apple Arcade.
In the wake of stagnant smartphone sales across the globe, that may be something that will save Apple down the road. Many analysts think Apple’s Services sector, which also includes Apple Music and iCloud storage, will overtake the iPhone as Apple’s primary cash cow in the future.