Apple (AAPL) Launches AppleCare One to Boost Services Revenue Growth

Apple Inc. (NASDAQ:AAPL) ranks among the best stocks to buy for the next 6 months. Apple Inc. (NASDAQ:AAPL) unveiled AppleCare One, a new product insurance plan that costs $20 a month and covers up to three devices, on July 23.

The new service covers battery replacements, round-the-clock customer care, and defense against spills and drops. For $6 per month, users can add more devices beyond the first three.

AppleCare One allows consumers to package any combination of devices, regardless of model or variant, without changing the base fee. It also covers all products currently eligible under the current AppleCare+ program.

This new offering showcases Apple’s growing emphasis on its services segment, which is expected to rake in over $100 billion this year, making it the company’s second-largest source of revenue after the iPhone.

Apple Inc. (NASDAQ:AAPL) is a global tech company that is known for its core offerings, the iPhone, Mac, and Apple Watch, as well as its expansive service portfolio, which includes iCloud and Apple Music.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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