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RSS FeedsAnalyst says end of Apple TV+ trial is a major threat to services business
(iMore iPhone)


2 april 2021 02:38:51

Analyst says end of Apple TV+ trial is a major threat to services business
(iMore iPhone)

At least one analyst is a real downer about Apple`s services revenue right now. What you need to know Goldman Sachs analyst Rod Hall thinks investors could experience poor performance from Apple in 2022. The analyst points to a slowdown of App Store performance and the end of the Apple TV+ trials as the reason. Apple`s Apple Card partner thinks there is `significant downside risk` to the companies investors in 2022. As reported by AppleInsider, Goldman Sachs analyst Rod Hall believes that a slowdown in the growth of the App Store as well as the expiration of free trials for Apple TV+ will cause major impact on the company`s fiscal performance. According to Hall, a bottom-up model of Apple Services suggests that there is `significant downside risk to [2022] consensus for Services revenue.` He attributes that mostly to a slowdown in App Store growth post-coronavirus. Hall says that there could be a 2% year-over-year decline per user in 2021 as pandemic-era restrictions e...

245 viewsCategory: Technology > Mobile > Iphone
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