From cnbc.com

In its quarterly earnings report on Tuesday, Apple gave investors their first glimpse into the profitability of the company’s services business, which includes products like iTunes and the App Store. Apple said that in the first quarter of its 2019 fiscal year, the services unit had a 62.8 percent gross margin, which is the percentage of revenue left after subtracting the costs of goods sold. The company’s overall gross margin was 38 percent. Software-based products provide an opportunity for Apple to capture meaningful profit as iPhone sales reach a saturation point. Additional products that fall under Apple’s ... (full story)