This Apple Business No One Is Talking About Is Becoming a Powerhouse

There's little question that Apple (NASDAQ: AAPL) has secured a place in business history. The success of the iPod, iPhone, iPad, and Mac computers, along with the company's growing ecosystem of services, has catapulted Apple into the annals of tech superstardom and driven its market cap to nearly $2.5 trillion, the highest of any publicly traded U.S. company.

However, a frequent refrain from Apple bears is that the company has no worlds left to conquer. With the smartphone market nearing saturation, newer models and upgrades will only take Apple so far. The iPhone maker has responded by focusing on its services business, which could someday overtake its products segment as Apple's primary revenue generator.

In fact, one of the company's services -- which started out as a punchline -- has the potential to drive Apple stock even higher.

Continue reading

Source Fool.com