Analyst calls Apple's decline in services revenue growth last quarter "temporary"

With sales of the Apple iPhone apparent waning, Apple is looking to its services division to help keep the company growing. Apple is focuse...

With sales of the Apple iPhone apparent waning, Apple is looking to its services division to help keep the company growing. Apple is focused on growing revenue in this category from 2017's $30 billion to $50 billion by 2020. In an interview yesterday with CNBC's Jim Cramer, Apple CEO Tim Cook said that for the calendar year of 2018, Apple had $41 billion in such revenue. Analysts expects Apple to announce that it set a new quarterly record of $10.8 billion for Services gross during the recently ended fiscal first quarter. The results from this period, which ran from October through December, ...

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