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Apple’s (AAPL) Services business declared “investible” by analyst

  • Analysis from Cowen shows that Apple’s (AAPL) Services business offers long-term “investable” prospects
  • The company’s share prices have advanced 1%, reaching $183.03

In a recent announcement, the financial services firm has surveyed Apple (AAPL) and declared the company’s Services business to be an “investable” long-term theme. The coverage was undertaken by Cowen’s Krish Sankar who advised that, by 2021, earnings per share contribution could “double to $6”.

Following this analysis, along with news that iPhone production appears to be stabilising in China, Apple shares gained approximately 1% in the morning session, moving to $183.03.

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