Apple reported services revenue of $30.74 billion in its fiscal third quarter, missing Wall Street expectations of $31.22 billion. CFO Kevan Parekh attributed the shortfall primarily to foreign exchange headwinds, along with a slowdown in mobile gaming and App Store business model changes in certain countries including the U.S. The company noted that the App Store still set a June quarter revenue record, though that figure includes growing Apple Ads revenue. Apple also disclosed it has surpassed 1.5 billion paid subscriptions across its services segment, up from 1 billion in January 2025, and highlighted double-digit revenue growth in the vast majority of markets it tracks.
Apple Inc.Services revenue missed estimates due to gaming slowdown and App Store changes.