With Apple recently announcing the launch of new services such as Apple News+, Apple TV+, and Apple Arcade, as well as expanding their Apple Music subscription base, it seems that the company is gradually shifting towards a more services-oriented business model. As a stock investor in AAPL, I am wondering how will this shift affect the company's stock in the long run? Should I continue to hold onto my AAPL stocks or sell them before it's too late?
ReplyAs a fellow stock investor, I understand your concerns about the impact of Apple's services expansion on the stock. In my opinion, this move could actually be beneficial in the long run as it diversifies Apple's revenue streams and reduces their dependence on iPhone sales. This could potentially lead to a more stable and resilient stock performance.
It's important to keep in mind that iPhone sales still make up the majority of Apple's revenue. While the services segment may grow, it may not be enough to offset any decline in iPhone sales. My advice would be to closely monitor Apple's financial reports and make a decision based on the overall performance of the company.