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Apple Inc. (AAPL) Is Becoming a Services Company

Apple Inc. (AAPL) Is Becoming a Services CompanyThe next earnings report for Apple Inc. (NASDAQ:AAPL) is due Nov. 2. As I have written before, CEO Tim Cook has used iPhone profits to make Apple a cloud company, and you can see the results in its services revenue. Apple is expected to have revenue of $50.94 billion for the September quarter, which is the fourth quarter of its fiscal year, and earnings of $1.86 per share.  Margins are expected to be 38%.

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