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MarketBeat
MarketBeat
Business
Sam Quirke

AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth

Shares of Apple Inc (NASDAQ: AAPL) have been on an impressive run in recent weeks, breaking through $300 for the first time last week. It means they're now up more than 20% since the start of April, finally rallying after months of range-bound trading.

The broader bull case that has fuelled this move has been well documented—a blowout earnings report, double-digit revenue growth, a massive $100 billion buyback, and a market that has firmly shifted back into risk-on mode.

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