Apple Analysts See Services Potential But Want More Detail
Tim Cook, chief executive officer of Apple Inc., waves after speaking during an event at the Steve Jobs Theater in Cupertino, California on March 25.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Apple Inc. analysts are cautiously optimistic about the company expanding its services business, a move they see as offering long-term growth potential. However, Monday’s big media event was seen as lacking key details, and even bulls say it will take a few years for the products to have a material impact on revenue or earnings.
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