Part 5/10:
The pair discussed how this new metric differs from traditional revenue figures, with actual quarter-over-quarter revenue from services amounting to $6 billion, while the facilitated transaction value was closer to $9.9 billion. They recognized that, although services like Apple Pay already contribute meaningfully—evidenced by a payment volume of about $9 billion—they still have significant room for expansion, especially considering competitors like PayPal, which processed over $80 billion in a quarter.