Analyst: Apple's Ecosystem More Valuable Than Its Products
It's not an argument you've heard many times before, but it's one you will hear again and again in the future. According to the latest proponent of this suggestion, Timothy Arcuri of Cowen and Company, Apple's ecosystem itself is more valuable than the products created by the Cupertino, California tech-giant.
"The (roughly 100 percent) year over year developer revenue growth seen in 2013 is well ahead of AAPL's overall growth rate and suggests the iOS ecosystem remains the dominant mobile platform for developers," Arcuri said this week.
Apple's iOS ecosystem - which is fast-becoming one of the world's largest platforms for procuring music, games, movies, television content, and, naturally apps - is the most bankable aspect of Apple's overall business today. As a result, Arcuri doesn't put too much stock into unit sales data released by Apple on its quarterly earnings calls, the next of which is scheduled for January 27th.
"The Street's love affair with units continues to miss the transition that is underway to a services-based monetization phase," Arcuri says.
Source: Apple Insider