This 1 Chart Says Apple's Services Business Remains Unstoppable

It would be easy to assume Apple (NASDAQ: AAPL) is nearing a plateau with its apps and content business. The company has already reached its goal of doubling 2017's services revenue by 2020, reaching that $50 billion target's annualized pace in late 2019.

Besides, while higher prices have continued to push the organization's iPhone revenue higher, growth in the number of iPhone owners on the planet is moderating. Apple reports there are now 1.8 billion actively used iOS devices in the world, impressively up 150 million from figures disclosed a year earlier, but only matching 2020's net additions.

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Source Fool.com