In filings, Apple acknowledges App Store regulatory changes are weighing on its $100B+ services business; US App Store spend fell 6% in Q2, per Sensor Tower (Michael Acton/Financial Times)
Court rulings and new App Store rules are beginning to weigh on one of the iPhone maker's profitable growth engines
Apple has acknowledged that regulatory changes to its App Store are impacting its services business, which is worth over $100 billion. The company has faced court rulings and new App Store rules that are affecting one of its profitable growth engines.
According to Sensor Tower, US App Store spending fell 6% in the second quarter. This decline is part of the challenges Apple is facing with its services business.
The company is also involved in a long-running lawsuit with Epic Games over its App Store practices. Apple has proposed a commission structure for in-app purchases made outside of the App Store system in the US, and has asked for a settlement conference with Epic Games. However, Epic Games has responded, stating that it does not believe a settlement conference would be productive at this time, but will participate in good faith if ordered by the court.
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