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  • Writer's pictureMichael Obuchowski, Ph.D.

Apple shifting from a device company to a services company

Updated: Oct 23, 2019

"I expect Apple Services to continue as the strongest part of Apple's business with consistent and accelerating growth well into the future," said Michael Obuchowski, chief investment officer for Boston-based Apple shareholder Merlin Asset Management. "Many analysts will continue to be obsessed with the number of iPhones sold in a quarter, but increasingly iPhones will become just part of a growing number of 'devices' designed specifically to access Apple Services."

As quoted in a CNET story by Shara Tibken: What iPhone slowdown? Apple's sales are better than feared

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