Apple CFO points to AI revenue from third-party apps and partnerships
Overview
Apple CFO Kevan Parekh said on the earnings call that AI offers "opportunities across third-party apps and partnerships" to support services revenue growth.
He gave no details on what those opportunities are.
Reuters reports that investors are asking whether Apple could take a cut of revenue from third-party AI agents distributed through the App Store. The App Store faces regulatory pressure, and a third-party estimate projects an 18% drop in U.S. App Store commission revenue in August.
Written by AI from the articles below · updated Nov 2, 9:12 PM ET
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- TechCrunch · AINewsApple may boost services revenue through third-party AI apps, CFO says
AIApple CFO Kevan Parekh said on the earnings call that AI offers "opportunities across third-party apps and partnerships" to support services revenue growth, without giving details. Reuters reported investors are wondering whether Apple could take a cut of revenue from third-party AI agents distributed through the App Store. The App Store faces regulatory pressure, with a third-party estimate of an 18% drop in U.S. commission revenue in August.
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