How Apple TV Is Quietly Becoming a Threat to Netflix's Growth Story

Capturing its importance to Apple's broader business, Apple's services revenue rose about 15% year over year in fiscal Q4 -- an acceleration from about 13% year-over-year growth in fiscal Q3 and faster than the company's 8% year-over-year growth in total revenue in fiscal Q4. And it is a high-margin business. In fiscal Q4, Apple's services gross margin was about 75%, compared to about 36% for products. Therefore, when this services segment grows faster than the overall company, it enhances Apple's overall p ...