Apple says gaming slowdown and App Store changes hurt services growth | TechCrunch

Apple reported that its services business surpassed 1.5 billion subscribers but missed Wall Street revenue expectations in its fiscal third quarter. The company attributed the shortfall to factors including foreign exchange, a slowdown in mobile gaming, and App Store business model changes tied to payment rules. Despite the miss and an after-hours stock decline, Apple said several services segments reached quarterly or all-time records and pointed to future growth opportunities.

Summary generated July 31, 2026. AI summaries can make mistakes.