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Apple revenue is an 'iPhone plus services story': Analyst

Brad Smith and Akiko Fujita

Apple (AAPL) shares are climbing after the tech giant announced the authorization of a $110 billion share buyback program.

Oppenheimer Senior Analyst of Emerging Technologies and Services Martin Yang tells Brad Smith and Akiko Fujita that despite weak iPhone sales, Apple is on track to "enter into a stronger iPhone cycle with accelerating earnings growth." He also highlights the increasing revenue generated by Apple services, calling this "not only an iPhone story, but an iPhone plus services story."

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl