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Stock impact report

A top Apple analyst ponders whether there's another 'shoe to drop' for the stock [CNBC]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: CNBC
A top Apple analyst ponders whether there's another 'shoe to drop' for the stock Peter Parks | AFP | Getty Images Though Apple "While the services segment grew 18 percent in the December quarter, we've now started to get investor questions worrying about whether the App Store will be the next shoe to drop," AB Bernstein's Toni Sacconaghi wrote in a note Friday. "Certainly, the headlines in the last few months haven't been encouraging. Netflix, Spotify, and Fortnite have all stopped / threatened to stop paying the so-called 'Apple Tax' of 15 to 30 percent on App Store revenues." As sales of the company's popular smartphone decelerate, Apple management has doubled down on its services unit — which includes the App Store, Apple Music subscriptions, Apple Pay and iCloud storage — as its next revenue generator. As part of that regular Services revenue, Apple charges between 15 percent and 30 percent of monthly subscriptions for customers who buy software via the iOS App Store, a fee that's Show less Read more
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