Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Morgan Stanley: Why Apple services growth is slowing – Spoiler alert: Katy Huberty blames AppleCare. From a note to clients that landed on my desktop Wednesday: Today [Tuesday] Apple provided the quarterly disclosure of [services revenue] reclassifications, which clarified that December 2018 Services growth was 18.3% Y/Y. We estimate this represents a 7 point deceleration from 25% Y/Y normalized …
