What are the key revenue drivers to watch for in Q2 FY'19?
Key Driver 1
We expect iPhone revenues to post a drop of over 10% year-over-year, driven by a slower uptake of models such as the iPhone XS and XR. However, Apple's moves to offer trade-in incentives and discounts could help to an extent.
Key Driver 2
Services have emerged Apple's second largest business after iPhone.We expect the business to grow to close to $11 billion this quarter, driven by the AppStore and third-party subscriptions