### Comment:
Apple has a 40% operating margin currently and earns $200 billion in annual revenue. You say iPhone is 60% Apple which means $120 billion in revenue with $48 billion profit.  
  
 $50 billion in service revenue that could reach $100 billion in 2023 with margins of 70+%  could provide more annual profit, close to double the annual profit, of the iPhone division.

### REPLY:
This is a stupider pipe dream than [putting up iPhone X billboards in a place in India where people drive rickshaws.](https://www.wsj.com/articles/its-been-a-rout-apple-stumbles-in-worlds-largest-untapped-market-11545146399)  The nice thing about the market is that it will bring you down to planet earth with extreme prejudice.

### END.