Apple has, for the first time, conceded that, influenced by new regulatory frameworks across various nations, it has eased its grip on the App Store, thereby exerting pressure on its service business, which is valued at over $100 billion. The revenue and profit margins of this segment have fallen short of projections, with related commission revenues also taking a hit. Spurred by regulatory actions and judicial decisions in numerous countries, Apple has revised its App Store policies, including permitting the utilization of third-party payment systems. Data indicates a downturn or deceleration in App Store revenue or consumer expenditure in the United States, Brazil, Japan, and other regions. Previously, Apple attributed its subpar business performance to currency exchange rate fluctuations. However, its Chief Financial Officer now also acknowledges the repercussions of the App Store adjustments, prompting the market to reevaluate the long-term viability of its service business commission rates.
