Apple's Monday Announcements

  • 03/25/2019 12:00 AM
  • Source: CNBC
  • by: Kif Leswing

Apple announced three new subscription services, including a TV service, gaming bundle, and all-you-can-read magazine subscription on Monday at its campus in Cupertino, California. Apple also announced an Apple-branded credit card in partnership with Goldman Sachs.

Apple stock was down almost 2% during intraday trading on Monday after the event.

The iPhone giant is focusing on subscription services at a critical time for the company as it searches for new areas of revenue growth to compensate for stalling iPhone sales.

“We’ve also been creating a growing collection of world-class services, and that’s what what today is all about,” Apple CEO Tim Cook said on Monday.
 Source: CNBC
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