Pulling data from Apple’s December 2015 earnings report, investment bank Piper Jaffray estimates gross margins on the company’s rarely discussed services business could be above 60 percent. And that figure is expected to grow.
Source: APPLE INSIDER
Piper Jaffray: Apple's services business saw massive 60% profit margins in 2015, to grow in 2017
ByA Word From Our Sponsor
Apr 19, 2016