Apple tops $100bn in services revenue even as legal risks grow
Tech giant’s high-margin unit has doubled in size over the past five years
Tech giant’s high-margin unit has doubled in size over the past five years

US tech giant’s valuation set to pass $4tn as investors embrace plans to spend $120bn on artificial intelligence next year

iPhone maker’s share price is up 28% over the past six months

Competition regulator designates the Big Tech groups with special status under strict new digital laws

How much AI is the market willing to finance?

Tech giant reports record annual profits as smartphone sales and services income pick up

New revenue lines, debt partnerships and further fundraising targeted to cover enormous costs