9 Metrics Highlight Apple Stock's Most Important Catalyst
Apple's (NASDAQ: AAPL) fourth-quarter results were solid across every segment, featuring double-digit revenue growth in iPad, Mac, Services, and Other Products. Even with the iPhone X not launching until after the quarter was over, iPhone revenue increased 2% year over year.
But Apple's services segment proved to be a particularly noteworthy contributor in the quarter, maintaining its position as Apple's most important catalyst. Including revenue from digital content, services, AppleCare, Apple Pay, licensing, and other services, the segment is serving up significant growth for the tech giant -- and this strong growth looks like it's here to stay.
Image source: Apple.
Source: Fool.com
Apple Inc. Stock
€193.40
-0.820%
Currently there is a rather positive sentiment for Apple Inc. with 102 Buy predictions and 9 Sell predictions.
With a target price of 212 € there is a slightly positive potential of 9.62% for Apple Inc. compared to the current price of 193.4 €.
