Thndr Claps » U.S. Claps » Nasdaq 🔔 » Apple App Store losing interest 📱
The ClapApple’s (NASDAQ: AAPL) App Store revenue declined around 5% in September 2022, the steepest drop since 2015.The DeetsThe biggest driver for the decline in revenues was gaming revenue, declining 14% alone. High inflation has potentially driven consumer demand down for App Store apps.Why this MattersApple aims to increase after-sales service revenue, as the segment has become key for investors.Analysts expect to see a similar drop in revenue from the Google Play store on Androids as well.What NowApple’s service revenue is expected to increase by 8% in Q4 2022.
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