The iPhone has been the product that's driven (NASDAQ: AAPL) for 15 years, but it's now such a good product that new models are only slight upgrades from previous versions. Combine that with prices that make the iPhone extremely expensive, and you face a challenge growing a company the size of Apple.
In this video, Travis Hoium covers the iPhone's slowing growth rate and why services and accessories are now the real growth drivers of Apple's business.
*Stock prices used were end-of-day prices of Sept. 26, 2023. The video was published on Sept. 27, 2023.
Source Fool.com