Wall Street received surprisingly better-than-expected news from Apple’s Q2 2019 earnings report today — and the stock is soaring in after-hours trading.

iPhone sales remain down, but pretty much every other facet of the company’s business is firing on all cylinders. Customers are falling in love with the iPad all over again. Services are booming. And Apple’s wearables business is now the size of a Fortune 200 company.

Despite plenty of doom and gloom from analysts over the last 12 months, Apple’s future is looking bright again.

If Apple spun off its Services division as its own company, the business would be worth between $400 billion and $450 billion, according to a new analyst report.

To put that number in perspective, it’s more than twice the value of Netflix — and only $100 billion less than Facebook.

Apple’s newest services don’t deliver the “depth” investors want to see as iPhone sales fall for the Cupertino company.

Some analysts are particularly disappointed with the upcoming Apple TV+ video streaming service. They don’t believe Apple has any hope of competing with Netflix.

Apple is moving full speed ahead with its Services division, but is it too late for it to catch up with rivals? That’s what analysts at major bank HSBC are concerned about.

As a result, they’ve downgraded their expectations for Apple shares.

Disney CEO Bob Iger’s seat on Apple’s board of directors might be at risk as both companies pursue video streaming services.

Apple hasn’t asked Iger to step down yet, but a new report shines light on what could soon become a very conflicted relationship. Disney and Apple have enjoyed close ties ever since Disney bought Pixar from Steve Jobs. Now it looks like the two companies are about to become close rivals.

The first big Apple media event of 2019 has supposedly gotten an official date.

Apple reportedly scheduled a keynote at Steve Jobs Theater for the end of March, but don’t expect to see any major hardware announcements.

Apple is reportedly taking a hard line with publishers during its negotiations for a proposed news subscription service.

Aiming to become the “Netflix of news,” Apple’s as-yet-unannounced service would give customers unlimited access to articles from popular publishers for just $10 per month. However, news organizations are reportedly balking at Apple’s proposed revenue split, which sounds downright greedy.

Apple is back to being the world’s most valuable publicly traded company once again.

The company’s stock price has been rising steadily since Apple revealed its first earnings of 2019 last month. Worried investors ditched the stock at the beginning of the year due to slumping iPhone sales, but it just passed Amazon and Microsoft today, putting Apple back on top.

Apple shares have rebounded some from the company’s holiday season slump, but its $787.6 billion market cap has a way to go before it’s back at the $1 trillion level it hit last summer.

Analysts at Morgan Stanley have a suggestion for turning things around, however. They think that Apple’s Services division could see Apple once again take its place in the exclusive trillionaires club.

Starting Friday, Apple Music subscribers can enjoy the service on domestic flights with American Airlines without purchasing Wi-Fi.

Complete access to the service and its more than 50 million songs will be available on flights equipped with Viasat satellite Wi-Fi. American Airlines is the first commercial airline to offer the service.