Ever since the launch of the iOS App Store, Apple has taken a 30 percent revenue cut from developers. Now known as the ‘Apple Tax’, Epic Games is attempting to challenge this revenue split in court. As it turns out, executives within Apple had their doubts that they would be able to maintain a 70/30 …
App Store growth will slow more than expected in June quarter, analyst says
Credit: AppleCredit: Apple
In a note to investors seen by
AppleInsider, lead analyst Katy Huberty says she has tweaked her near-term Services estimates after analyzing post-April data for the App Store.
Huberty says her App Store monetization forecast remains unchanged in the long term. However, she now assumes that the App Store will grow 11% year-over-year in the June quarter, down from a previous estimate of 19% year-over-year.
She maintains the rest of her June quarter Services forecast. As a result of the lower App Store estimate, the total June quarter revenue estimate for the Services segment is now $16.4 billion, down slightly from $16.9 billion. That s still 140 basis points above consensus, she says.
Investment bank Wedbush believes that Apple will successfully defend its App Store polices in court in the Apple v. Epic Games legal battle.
In a note to investors seen by
AppleInsider, Wedbush analyst Daniel Ives writes that Epic Games has taken a risky and calculated path in its ongoing dispute with the Cupertino tech giant. The Apple v. Epic Games trial is going to court on Monday, May 3.
Ives says that Epic is looking to leverage its 350 million players and global presence to bypass the platforms of Apple and Google. Along the way, the company wants to partner with other developers in a groundswell movement against Apple.
Apple likely to prevail and defend App Store in Epic trial, analyst says
Credit: Apple
In a note to investors seen by
AppleInsider, Wedbush analyst Daniel Ives writes that Epic Games has taken a risky and calculated path in its ongoing dispute with the Cupertino tech giant. The Apple v. Epic Games trial is going to court on Monday, May 3.
Ives says that Epic is looking to leverage its 350 million players and global presence to bypass the platforms of Apple and Google. Along the way, the company wants to partner with other developers in a groundswell movement against Apple.
Apple is currently in the bright spotlight of antitrust scrutiny in the U.S. and European Union. However, Ives says that Epic s lawsuit and attack on Apple s App Store policies is a high stakes game of poker.
This week’s Apple headlines; Apple’s quarterly results, the EU’s Anti-trust case agains the App Store, iOS 14.5’s disruptive privacy update, Apple Services keep growing, the new M2 chip for your MacBook Pro, Apple’s supply chain problems, and is the iPad a tablet?