Apple News

Apple Says App Store Changes and Mobile Gaming Softness Affected Services Revenue

Softness in mobile gaming and Apple’s changes to the App Store business model in some countries impacted the performance of the ‌App Store‌, Apple CFO Kevan Parekh said during today’s earnings call. Apple’s services revenue was $30.7 billion, a 12% increase over the $27.4 billion it earned in the year-ago quarter. Though the category saw

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Siri AI may require a paid subscription for heavy users

On Tim Cook’s final earnings call before formally resigning as Apple’s CEO, artificial intelligence was a hot topic of conversation. The investor community is interested in Siri AI’s potential to boost iPhone upgrades, and at the same time concerned about what it means for Apple’s rising capital expenditure costs. Cook suggested that the financial outlook

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Tim Cook: Apple ‘Reluctantly Raised Prices’ Due to ‘100-Year Flood on Memory Pricing’

Apple didn’t want to raise its prices but was forced to do so because of exponential increases in memory costs, Apple CEO Tim Cook said today during the company’s Q3 2026 earnings call. Apple increased prices for Macs and iPads in June because memory prices have surged. On the pricing front, you know, we reluctantly

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