May 28, 2016

ApplePay: Easing The Pain Of Declining Sales

   May 28, 2016

ApplePay: Easing The Pain Of Declining Sales

Apps_and_retailers_that_support_Apple_Pay_Apps_Retailers_TMMChart.png

Trader’s remarks: Investors are focussing on the decline in iPhone shipments in Apple’s latest quarterly results, but there was one bright spot which could be a key driver of growth going forward: Services. This section in Apple’s earnings includes products like Apple Pay, Apple Music, iTunes and the App Store and is now the second biggest segment in terms of revenues, outstripping both iPad and Macs. There has been a rapid increase in the number of retailers and apps supporting Apple Pay, which are boosting Apple’s service offering.

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