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ApplePay: Easing The Pain Of Declining Sales

 1 min read / 


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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