Ride-Hailing: The $285 Billion Market that Apple Could Enter
Apple (AAPL) is leaning on its Services business to drive its future growth. So far, this segment has captured areas such as online music, mobile payments, and app distribution. These businesses and others garnered $9.2 billion in revenues for Apple in the first quarter, up 31.0% year-over-year. Apple generated ~$30.0 billion in Services revenues last year and seeks to grow that to ~$50.0 billion by 2020.