Apple’s second biggest source of revenue is a faster-growing business than Nike

Apple services revenue

Apple's "services" category has become an incredibly important business for the iPhone maker -- services being the category that includes everything from iTunes to the App Store, Apple Music, iCloud and more. This is the segment of Apple's operation that generates cash from digital content and services, and it's become such a key driver that it's now Apple's second biggest source of revenue after the all-important iPhone.

Naturally, this is going to be something to pay close attention to next week, when Apple reports its fiscal fourth quarter earnings on Nov. 1 -- but we can already make some educated guesses as to what we're likely to hear.

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Apple’s second biggest source of revenue is a faster-growing business than Nike originally appeared on BGR.com on Thu, 25 Oct 2018 at 23:07:35 EDT. Please see our terms for use of feeds.

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