Over Half Of Apple's Profit Could Come From Services By 2025

Apple's (AAPL) fast-growing services business could account for nearly a third of revenue and over half of profit for the company by 2025, a Wall Street analyst said Monday.

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RBC Capital Markets analyst Amit Daryanani says Apple's services could generate about 30% of revenue in eight years. That translates to 50%-plus profit.

Its services today include the App Store, AppleCare, iCloud, iTunes, Apple Music, Apple Pay and Texture digital magazines. Apple reportedly is planning to offer a...

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