Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth
1. Apple's services revenue reached $25 billion, a historic high. 2. Services have phenomenal growth, now at a run rate of $100 billion. 3. High gross margin of services (74%) compared to overall margins (46.2%). 4. Apple's services business is comparable to Fortune 500 companies by sales. 5. Net income slumped due to a one-time European tax charge.