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Apple CEO Tim Cook Talks With Jim Cramer—Here Are the Key Takeaways

By BenZinga
Financial Services

Apple Inc. (NASDAQ: AAPL) CEO Tim Cook spoke with CNBC’s Jim Cramer in an interview aired Tuesday evening covering multiple topics from Apple’s services business, China concerns, Wall Street “naysayers” and more.

What To Expect In 2019

Investors and Apple enthusiasts will be treated to “material” new additions to its services in 2019, the CEO told Cramer. Cook didn’t offer any specific details aside from a focus on health care, but said it relates to technologies the company has been working on “for multiple years.”

Non-Flagship Revenue

Apple collected $100 billion in revenue from products and services that don’t directly come from the iPhone, Cook said. Some of the business lines include the App Store, iTunes, Apple Pay and cloud services which combined for 19 percent growth in the recent quarter. Looking forward to the end of 2020, the company expects to double its non-flagship revenue base from current levels.

See Also: ‘Jaw-Dropping’: Wall Street Reacts To Apple’s Guidance Cut, China Business

Photo: Apple

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