Apple says its services business grew as fast as iPhone sales fell

By Reed Albergotti Reed Albergotti Reporter covering consumer electronics Email Bio Follow April 30 at 6:14 PM Apple, which touts more than a billion of its devices in use around the world, is trying to steer the attention of Wall Street away from falling iPhone sales and toward services.

In March, Apple put the spotlight on new services it’s rolling out to try to make up for flagging iPhone revenue. Celebrities like Oprah Winfrey and Steven Spielberg stood onstage at the company’s Steve Jobs Theater in Cupertino, Calif., and announced a planned streaming service. But Apple didn’t disclose details like the price of the service, raising question marks for investors about just how much revenue the effort might bring in.

Music streaming is different, though, because the content on Apple’s offering isn’t substantially different from Spotify’s. In video streaming, where competition is increasing and prices are dropping, Apple’s content will be compared to that of Netflix, HBO, Showtime, Disney and others.Last month, Disney announced the launch of its Disney Plus service. For $6.99 a month, customers will get access to franchises like Frozen, The Avengers and Star Wars, as well as TV shows like The Simpsons.

In an interview with The Washington Post, Sculley predicted that Apple would charge a membership fee for a product that will store medical data securely and allow patients to connect directly with doctors.Wearables also act as connective tissue for Apple’s array of products. Its watches, for instance, can unlock Mac computers without need for a password and control the music playing to a set of AirPods.

No strategy.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UPS shares slide after earnings and sales missUnited Parcel Service Inc. stock fell 2.8% in Thursday premarket trading after the shipping company reported first-quarter earnings and sales that missed...
Source: MarketWatch - 🏆 3. / 97 Read more »

Facebook shares surge as Wall Street analysts rave over earnings: 'What a start to 2019'Wall Street was enamored Thursday morning with Facebook's first-quarter earnings report, with a handful of brokerages lauding its results. the biden effect What a 🐊 of 💩! These numbers need to be audited. Not their books mind you—Wall Street’s digital infrastructure 💋💋 A mesmerizing tale
Source: CNBC - 🏆 12. / 72 Read more »

Markets Right Now: Stocks open mostly lower on Wall StreetStocks are opening mostly lower on Wall Street as industrial and health care companies post losses. 3M sank in early trading Thursday after reporting disappointing first quarter results. Just like realDonaldTrump, they fear JoeBiden !!! I punted all their stocks....my bad -1 golden toilet. It must be getting so hard to scrape by now. -
Source: ABC - 🏆 471. / 51 Read more »

Wall Street edges lower, energy stocks fallThe S&P 500 slipped on Wednesday after ending the previous session with a record... But realDonaldTrump said it was at all time high! Is he lying?
Source: Reuters - 🏆 2. / 97 Read more »

Microsoft becomes a $1 trillion company after reporting earnings that blew away Wall Street estimatesMicrosoft is within striking distance of a $1 trillion market cap, making its quarterly earnings more important than ever. Shit... is it now safe to pirate Windows Vista ? Uhh, forgot about the Dutch East India Company?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Japanese shares poised to open higher; Wall Street dips on mixed earningsThe Bank of Japan is set to release its monetary policy statement later on Thursday, with interest rates expected to remain unchanged.
Source: CNBC - 🏆 12. / 72 Read more »