Apple (AAPL - Free Report) recently released a year-end retrospective of its Services business, which includes the App Store, Apple Music, iCloud and, new in 2019, Apple Arcade, Apple TV+, Apple News+ and Apple Card.
Notably, Apple expects the number of paid subscribers to surpass 0.5 billion in 2020. For first-quarter fiscal 2020, revenues are projected between $85.5 billion and $89.5 billion.
We believe that rising spending on apps, and the success of wearables such as AirPods and Apple Watch highlight Apple’s ability to generate more revenues despite sluggish iPhone growth. This is expected to drive share price momentum in 2020.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Apple (AAPL - Free Report) recently released a year-end retrospective of its Services business, which includes the App Store, Apple Music, iCloud and, new in 2019, Apple Arcade, Apple TV+, Apple News+ and Apple Card.
Notably, Apple expects the number of paid subscribers to surpass 0.5 billion in 2020. For first-quarter fiscal 2020, revenues are projected between $85.5 billion and $89.5 billion.
We believe that rising spending on apps, and the success of wearables such as AirPods and Apple Watch highlight Apple’s ability to generate more revenues despite sluggish iPhone growth. This is expected to drive share price momentum in 2020.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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