Business · 1h ago
Apple Warns App Store Regulatory Changes Hit Services Revenue
Apple CFO Kevan Parekh said during the Q3 earnings call that regulatory changes to the App Store business model are beginning to affect Services growth. The company is feeling the impact both in the US and abroad. Apple did not provide specific revenue impact figures.
Meridian48 take
Apple's admission that regulatory changes are finally denting its high-margin Services business signals that antitrust actions are having a real effect, but the company's overall financial strength means it can weather these shifts.
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Apple says App Store regulatory changes are beginning to affect Services growth →
9to5Mac
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