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Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth

By CNBC   |   Oct 31, 2024 at 08:39 PM EST
Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth

Apple's services division has reached $100 billion annually, with a 12% growth. This unit includes diverse offerings like AppleCare, iCloud, Apple TV+, and Apple Pay. Investors favor this segment due to its recurring revenue model.

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