Apple’s iPhone sales may be down, but the company’s Services division, which includes the App Store, iCloud, Music, TV+, and other subscriptions, is still thriving. Apple reported an all-time revenue high of $26.3 billion for the quarter ended December 28, up 14% year-over-year. The company has over 1 billion subscriptions across its services.
Regulatory Impact
Investors are interested in how new regulatory changes could impact Apple’s services revenue. Apple’s CFO highlighted the positive numbers for Services and emphasized increasing customer engagement.
Tech and VC Heavyweights Join the Disrupt 2025 Agenda
Apple has faced antitrust lawsuits over its App Store policies. The U.S. Supreme Court declined to hear an appeal on the Epic-Apple case, confirming that Apple is not a monopolist. However, the decision requires Apple to allow app makers to direct customers to the web from links inside their apps.
