CLEAN : Economics expert comments on Apple results

Apple faces challenges in its traditional business model due to rising wages in China and falling real income in Europe and the US. Despite these challenges, Apple remains financially stable with over $100 billion in cash. The company needs to diversify into new product categories beyond the iPhone. Apple's services business, including the App Store and Apple Pay, is growing and offers high margins. However, market saturation in developed countries and a slowing Chinese economy pose growth challenges. India presents opportunities, but its growth is not as smooth as China's past growth.

In what ways is Apple's services business contributing to its revenue?

What opportunities exist for Apple in the Indian market?