
During the first half of September, tech giant Apple (NASDAQ: AAPL) made multiple key product and software announcements. Of course, the most talked about is its latest iPhone lineup on Sept. 9, followed by a deeper reveal of its Apple Intelligence features on Sept. 15.
Over the past several years, Apple’s product revenue growth has been anemic. Nearly all of Apple’s overall growth has come from its services segment, which has increased by 11% or more in each of the last six quarters.