Apple Inc. is releasing the Apple One new subscription group on Friday, which will provide cheaper rates of access to the company’s separate web services.
We had customers come and asked us for a more efficient means of buying any single service we provide and we are looking forward to Apple One tomorrow, “said Apple AAPL, CEO Tim Cook, at the post-earnings telephone on Thursday.
Apple stock One pricing varies from $15 per month and $30 per month, while new services will be free of charge for 30 days. The service provides links to its audio-streaming service Apple Music, Apple TV +, Apple Arcade online, and Apple Cloud storage. More accessible levels will provide additional cloud storage and facilities, such as Apple News+ and the forthcoming Apple Fitness+.
The service available
- The package would provide Apple with a new steady revenue stream that is the least contingent on sales of new smartphones to raise its revenue for its services division.
- Apple revealed Thursday that its sales from its fourth-quarter fiscal services were up to a record 14.55 billion dollars from 12.51 billion dollars a year ago, and Chief Financial Officer Luca Maestri said the firm was anticipating a double-digit increase in its service market over the December quarter.
- As compared to this year, the Dow Jones Industrial Average DJIA, which accounts for +0.59%, dropped by 6.6% in sustained trading Thursday but is up 57% to date.
The positive influence of Apple
So the current Apple iPhone 12 line-up revelation undoubtedly would give Cirrus Logic investors a sleepless night, as it indicated that EarPods will not be included in the package for the new smartphones. Apple notes that its decision to remove EarPods is based on environmental factors and the battery adapter of its four iPhone 12 versions.
The inability to pay for new phones will make new customers who entered the Apple Smartphone Eco-system short-sighted. As the AAPL grew to cover a large segment of the market, services became an interesting spot. But this transformation process made it ultimately the biggest loser. In the first nine months of 2020, services generated less than $40 billion. In the short term, Apple stock diversified from a product business to its division of Services to raise recurring sales in tens of millions.
The Horror of Rationality takes place
A few months ago there were rumors that Apple stock would remove the EarPods from its latest iPhone generation. Now that the rumor has proved true, the title Cirrus Logic will take a content blow, as it is claimed that the chipmaker has paid $1 for every EarPods device sold for the components it shipped. If you want to check more information such as income statement, you can check at https://www.webull.com/income-statement/nasdaq-aapl.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.