Apple may try to increase revenue by doing…something with third-party AI apps
Summary
- Apple CFO Kevan Parekh stated during an earnings call that AI offers opportunities across third-party apps and partnerships to boost services revenue.
- Parekh did not elaborate on specific monetization plans for third-party AI apps, leaving details unclear.
- Reuters reported that investors are speculating whether Apple could profit by distributing third-party AI agents via the App Store and taking a revenue cut.
- Apple's App Store commission revenue faces pressure from regulatory and legal challenges, including lawsuits and new international regulations.
- Apple expects services growth to be between 8 to 9 percent in the December quarter.
Why it matters
Apple is exploring ways to leverage third-party AI apps and partnerships to drive future services revenue amidst regulatory pressures on its traditional App Store commission model.