Good post from Jason Snell about Apple services:

Apple is building an enormous business that’s based on Apple customers giving the company their credit cards and charging them regularly. And that business is incredibly profitable and is expected to continue growing at double-digit percentages.

Another thing that struck me about Tim Cook’s comments on the earnings call: no mention that I noticed of App Store revenue. And yet that is a huge part of services. As a developer, it feels like Apple doesn’t want us to think about how profitable they are based on third-party apps.