On Thursday morning, Apple's stock crashed after it lowered its revenue forecast.
Apple blamed the Chinese economy and slowing iPhone sales.
Apple CEO Tim Cook tried to tempt Wall Street to bet on Apple.
He pointed to the $10.8 billion Apple makes from "services" such as the App Store, iCloud subscriptions, and Apple Music.
Apple has long touted services as its new growth business.
Cook's argument would be more convincing if Netflix hadn't just undermined Apple by skirting the iTunes billing process.
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Netflix Undermines Apple's Service Business |
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| News & Politics | Upload TimePublished on 3 Jan 2019 |
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