Apple Services Revenue Growth Slows Due to Lack of F1 Movie Release
Apple Inc.'s (AAPL) Services division experienced a slowdown in growth during the fiscal third quarter ending June 27. While revenue reached $30.7 billion, up 12% year-over-year and setting a record for the June quarter, it marked a significant deceleration from the previous quarter's 16% increase. CFO Kevan Parekh attributed part of this slowdown to foreign exchange headwinds but also highlighted an unusual factor: the absence of Apple TV+'s blockbuster
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Topics: Apple Apple TV+ F1 movie growth slowdown Services division