Apple plans to roll out the Apple TV+ movie and TV subscription service by November, part of a drive to reach $50bn (€45bn) in service sales by 2020.

In a world where iPhone demand is on the wane, Apple has a plan B. As customers wait longer between upgrades and the smartphone market saturates, Apple can fall back on charging higher prices for each handset and raking in more money from services such as streaming music, digital videos, and data storage.

Apple’s disappointing earnings report sent the company’s market value tumbling below $1 trillion at one stage.

Apple has released an upgraded MacBook Pro line that’s faster and has more features, targeting its loyal base of professional users such as app developers and movie editors.

Apple is preparing to introduce new low-cost iPads and education software this week in a bid to win back students and teachers from Google and Microsoft.