3 New Services Apple Could Introduce in 2021

Services have become a bigger and bigger piece of Apple's (NASDAQ: AAPL) business over the years. With a greater focus on the segment, Apple has recently expanded it to include music, video, gaming, fitness, and financial services to go along with its App Store, AppleCare, and iCloud products. Last year, the company generated $53.8 billion in revenue with an average gross margin twice as wide as its hardware business.

Apple will continue to look for ways to expand the services business in 2021. Here are three areas the company may explore.

Image source: Apple.

Source Fool.com