In an interview with CNBC’s Jim Cramer, Apple CEO Tim Cook hinted at what we can expect to see from the iPhone maker in the short- and long-term future. Namely, Cook confirmed that Apple will debut new services in 2019 even if the CEO didn’t divulge any details.
Apple’s services business, which currently includes Apple Music, iTunes, the App Store, and other entities, brings a lot of money into the company. Last quarter, the services business hit a milestone of $10 billion in revenue, and Apple shows no signs of slowing down.
“We built a services business that was, you know, a little over $7 billion in 2010,” Cook said in the CNBC interview. “Last year, for the calendar year, over $41 billion…. We’ve said that, you know, we’re gonna double the 2016 numbers by 2020.”