Netflix Undermines Apple's Service Business
- 5 years ago
On Thursday morning, Apple's stock crashed after it lowered its revenue forecast.
Apple blamed the Chinese economy and slowing iPhone sales.
Apple CEO Tim Cook tried to tempt Wall Street to bet on Apple.
He pointed to the $10.8 billion Apple makes from "services" such as the App Store, iCloud subscriptions, and Apple Music.
Apple has long touted services as its new growth business.
Apple blamed the Chinese economy and slowing iPhone sales.
Apple CEO Tim Cook tried to tempt Wall Street to bet on Apple.
He pointed to the $10.8 billion Apple makes from "services" such as the App Store, iCloud subscriptions, and Apple Music.
Apple has long touted services as its new growth business.