Services revenue rose 14% year-over-year to $30.0B, driven by Apple TV hits, new sports deals and expansion of Apple Arcade. The acceleration in services strengthens Apple’s recurring-revenue and margin profile. However, rising competition from Netflix and Alphabet could pressure future content costs and subscriber dynamics.
Services revenue rose 14% year-over-year to $30.0B, driven by Apple TV hits, new sports deals and expansion of Apple Arcade. The acceleration in services strengthens Apple’s recurring-revenue and margin profile. However, rising competition from Netflix and Alphabet could pressure future content costs and subscriber dynamics.
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mildly positive
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0.30
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