Will Apple's Services Momentum Be Blunted by New Epic App Store Ruling?
Highlights A federal judge has ruled that Apple can no longer collect commissions on transactions occurring outside the App Store, citing the company’s “willful violation” of a prior injunction that required allowing third-party payment links. The ruling impacts Apple’s high-margin services business, which posted record revenues and grew by 11.6% to $26.6 billion last quarter. While the immediate financial impact is hard to predict, the ruling introduces uncertainty to Apple’s profitable commission-b ...