Apple saw a surge in Services revenue last quarter says analyst

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Apple is expected to release its fiscal third-quarter earnings report on July 26th after the 4 pm EDT close of U.S. stock markets. So what will Apple report for the three month period covering April through June? According to Reuters, investment banking firm Evercore ISI expects Apple to show that it had sharply higher revenue for its Services unit thanks to strong App Store revenue. The company did a smart thing by focusing on its Services business to take advantage of a large number of active iPhones worldwide, especially since iPhone shipments peaked in 2015 and are struggling this year.
Apple’s …

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