Apple, Inc.'s Mac Business Is Booming
Apple's (NASDAQ: AAPL) fourth-quarter results solidified the growth story of the tech giant's two fastest-growing segments -- services and other products. Revenue from these two segments was up an impressive 34% and 36% year over year, respectively. But another one of Apple's product segments saw exceptionally strong double-digit growth during the quarter -- and it may surprise you. Apple's Mac revenue surged 25% year over year.
Here's a closer look at Apple's booming Mac business, and how Mac sales have rebounded sharply recently.
Macbook Pro at a video editor's workstation. Image source: Apple.
Source: Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 108 Buy predictions and 9 Sell predictions.
As a result the target price of 210 € shows a slightly positive potential of 4.22% compared to the current price of 201.5 € for Apple Inc..