Apple's services revenue growth is slowing down as Apple looks for new ways to fight weak iPhone sales, RBC says

Apple's services revenue growth is slowing down as Apple looks for new ways to fight weak iPhone sales, RBC says

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2019/01/14/apples-services-revenue-growth-is-slowing-down-rbc-says.html

Apple's services revenue, which the company has touted as a burgeoning source of growth, may actually be slowing down, according to RBC Capital Markets. In a note published Sunday, analysts wrote that Apple's services revenue has slowed to 18 percent year over year growth in the December quarter, compared to estimates of about 27 percent.

While RBC laid out a number of reasons for the slowdown, the analysts wrote that assuming there is not a structural issue at play.