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Benzinga
27 days

Apple Stock To Get Boost $20 At A Time?: Inside Tech Giant's Latest Plan To Monetize User Base

1. Apple launches AppleCare One for customer device protection. 2. Annually, apple's Services segment revenue hit $26.65 billion this quarter. 3. The new plan enhances claim benefits and customization options. 4. AppleCare One costs $19.99/month for three devices, impacting recurring revenue. 5. AAPL stock has decreased 12.5% year-to-date despite strong service growth.

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FAQ

Why Bullish?

The launch of AppleCare One adds a new revenue stream. Historically, new services help stabilize stock prices and enhance margins.

How important is it?

The introduction of AppleCare One represents a significant expansion of Apple's services, likely enhancing recurring revenue, which is vital for valuation per analyst expectations.

Why Long Term?

The service's impact will strengthen Apple's revenue diversification over time, similar to subscription services growth seen in other tech companies.

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