Sure, Apple’s quarter was down. But there were 3 things that we up that speak to the company’s long-term strategy to be as independent of massive growing iPhone sales every single quarter.
From my post at Forbes:
Apple’s quarterly earnings dropped 5% for the holiday quarter, as the company announced yesterday. That’s the biggest drop since 2016, even though the company still vacuumed up more than $96 billion in just three months and now has not just over $50 billion in cash and liquid investments but over $100 billion in long-term investments.
But there were three things that were up, and two of them are completely related: total active devices, and services revenue.