business · 2 outlets · 2 linked reports
Apple Services Misses Expectations Despite 1.5 Billion Subscribers
AI-assisted: summaries and questions may be incomplete or incorrect. Verify important details with the linked original reporting.
Summary
- Apple reported $30.74 billion in quarterly services revenue, below analyst expectations of $31.22 billion.
- The company still passed 1.5 billion paid subscriptions and set a June-quarter services record.
- Apple cited slower mobile gaming, foreign exchange and App Store business-model changes as headwinds.
- Its total quarterly revenue reached $109.4 billion, up 16 percent from a year earlier.
The question
Can Apple keep growing services if developers route more payments outside the App Store?
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