 Depending on how you look at it, Apple's latest earnings report is either bad news or great news. It's bad news if you consider that it was the third straight quarter of falling revenue down 1.4%. The earnings report is great news if you consider that Apple services revenue reached an all-time high of 21 billion, just a little more than 25% of Apple's revenue. Apple is one of the biggest companies in the world, not just the biggest tech companies. And their bet on services has been something that is crucial to the survival of the company. So I thought it was worth paying attention to this earnings report, because it does seem like we are seeing the pivot. When the iPhone was still so young, a lot of people are like, well, Apple can't build its entire business on the iPhone, can it? I turned that it could, and it did. So that, I guess, is the bigger question. Can services be the next thing?