Analyst Commentary

Apple increased its install base by 30% over 2 years, bolstering the company’s services opportunity

Apple (Nasdaq: AAPL) had a strong quarter. The company increased revenue to 13% to $88 billion year-to-year in 4Q17. As per the standard with Apple since the release of its smartphone, the iPhone drove the majority of momentum, expanding 13% year-to-year to $61.5 billion. The iPhone still accounts for the majority of Apple revenue, at 70%, despite the company’s diversification efforts such as services and new products such as the Watch. Interestingly, despite the expanded lineup of devices announced and released in 2H17, such as the low-end App...

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