Apple's Services business is expected to benefit from increasing users of the App Store and growing viewership of Apple TV+. The growing adoption of Apple Music, Apple Arcade, Apple News+ and Apple Card has been noteworthy. Although Apple's business primarily revolves around its flagship iPhone, the Services portfolio has emerged as the company's new cash cow. It accounted for 28.2% of sales in third-quarter fiscal 2024. Apple had more than 1 billion paid subscribers across its Services portfolio at the end of the fiscal third quarter. This is expected to have increased in the to-be-reported quarter, thanks to the growing installed base of Apple's devices, as well as the popularity of apps like Apple TV+. The Zacks Consensus Estimate for fiscal fourth-quarter Services net sales is pegged at $25.759 billion, suggesting 15.4% year-over-year growth.