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Apple tops 1 billion subscriptions, nearly $100 billion in services revenue in 2024

1. Apple Services revenue reached $26.3 billion, up 14% year-over-year. 2. More than 1 billion subscriptions across Apple services indicate strong growth. 3. Customer engagement in services, both paid accounts and transactions, is at record highs. 4. Antitrust issues remain, but recent court decisions favor Apple's market position.

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FAQ

Why Bullish?

Strong Services performance suggests resilience, potentially boosting AAPL despite iPhone sales lagging.

How important is it?

Strong Services sector could drive overall growth, influencing AAPL's market valuation positively.

Why Short Term?

Immediate revenue growth impacts market perception; however, regulatory risks could moderate long-term effects.

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