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A top Apple analyst has one big question for Tim Cook ahead of next month's event — and it has nothing to do with iPhones (AAPL)

Morgan Stanley analyst Katy Huberty will be paying close attention on September 12, but not necessarily to the new iPhones.

When Tim Cook takes the stage in California on September 12, tech gurus and journalists will be watching closely for the three new iPhone models that Apple is expected to announce.

But has her eyes on something less flashy than a next-generation OLED screen or prices of the new phones: She's focused on Apple Services.

It's not an exciting gadget, or even a groundbreaking technology, but Apple Services — which includes the App Store, Apple Pay, iTunes, and iCloud — made up last quarter, more than any segment except iPhone.

about all things Apple, from to Wall Street, from new iPhones to self-driving cars, and her bullish $183 price target for the stock. Here's just a part of what she had to say ahead of Apple's much-anticipated event next month (her responses have been lightly edited for length and clarity.):

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Graham Rapier: What's the biggest question you have for management right now?

Huberty:

Huberty: We

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