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The Zhitong Finance App learned that on Tuesday, Apple (AAPL.US) fell 4% to $324.80 before the market. According to the news, Apple management made it clear during the earnings call that the growth rate of the service business will continue to slow down in the next quarter. Investors are particularly concerned about this outlook, as the deceleration in the service business is not a temporary issue, but is a source of structural stress. Courts and regulators around the world continue to restrict Apple's ability to charge developers high commissions from the App Store, which is the largest component of the service business. What is more noteworthy is that OpenAI's ChatGPT app, one of the App Store charging sources that previously contributed significantly, has begun directing potential subscribers to pay directly to its website after a dispute between Apple and OpenAI over a trade secret dispute, thus bypassing Apple's “toll booth.”
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The Zhitong Finance App learned that on Tuesday, Apple (AAPL.US) fell 4% to $324.80 before the market. According to the news, Apple management made it clear during the earnings call that the growth rate of the service business will continue to slow down in the next quarter. Investors are particularly concerned about this outlook, as the deceleration in the service business is not a temporary issue, but is a source of structural stress. Courts and regulators around the world continue to restrict Apple's ability to charge developers high commissions from the App Store, which is the largest component of the service business. What is more noteworthy is that OpenAI's ChatGPT app, one of the App Store charging sources that previously contributed significantly, has begun directing potential subscribers to pay directly to its website after a dispute between Apple and OpenAI over a trade secret dispute, thus bypassing Apple's “toll booth.”
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