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Apple Turns To Services As iPhone Sales Face Steep Decline

Video Credit: Wochit - Duration: 00:40s - Published < > Embed
Apple Turns To Services As iPhone Sales Face Steep Decline

Apple Turns To Services As iPhone Sales Face Steep Decline

According to a report by Business Insider, Apple shares have outperformed the stock market this year, however the company appears to be struggling as iPhone sales faced steep declines over the past 6 months.

CEO Tim Cook's new approach is reportedly to ask investors to look at growth in Services, composed of software sales, app downloads and iTunes.

Business Insider reports that the idea seems to be if Apple can persuade its users to download more apps or buy more music, the growth can come form Services countering losses in device sales.

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