- 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.