Apple Inc (AAPL)

[morokoy]

Thanks to iPhone, Apple now has 1.5 billion active devices—phones, watches, etc.— used by over a billion people from all across the world. The company added a whopping half billion devices during the last few years alone.

Think about it, nearly one in seven people now carry around an Apple device every day.

Today, those 1.5 billion active devices are the single most important driver of Apple’s business. Even more important than phone sales alone. Because every day Apple earns more and more money from them.

iPhone is no longer Apple’s biggest money maker. It’s services.

That’s why Apple doesn’t care about iPhone prices anymore. It’s goal is simply to put more and more of its phones in people’s hands—at any cost. Because the more people carry iPhones, the more people will buy Apple services.

And it’s working.

Last quarter, Apple’s sales from services roared to an all-time record. But with its push into money-spinning enterprise services, I’m convinced Apple’s growth story is just starting. For this reason, Apple stock sits at the top of my watch list.

https://www.forbes.com/sites/danrunkevicius/2020/08/10/apple-new-era-has-begun/#7745fedd4072