Lower growth in one key U.S. metric could hurt Apple’s most profitable unit

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As iPhone sales turn sluggish, Apple is counting more and more on the installed base of iPhones for revenue growth. To make this transition from hardware sales to work, Apple has aggressively expanded its Services unit by adding Apple News+, Apple TV+ and the upcoming Apple Arcade to its offerings. The Services segment is Apple’s second largest division and is it’s most profitable. Besides the previously mentioned additions, under the Services umbrella, you’ll find Apple Music, the App Store, iTunes, AppleCare, Apple Pay and more. Apple is looking to expand revenue generated by this division …

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