Even with many stuck at home, Apple TV+ fails to show growth in the number of new subscribers

Apple is on track to reach its goal of generating $50 billion in Services revenue in fiscal year 2020. Back in 2016, one year removed from what would be peak iPhone shipments, the company decided that it would be a good time to generate revenue from all of those active iPhone units (now over 900 million) by selling services with recurring subscription fees like Apple Music. So Apple set a goal to double its Services revenue from $25 billion in fiscal 2016 to $50 billion by fiscal 2020. Thanks to the addition of Apple Arcade, Apple News+, Apple TV+, Apple Pay and older sources of revenue like ...

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