Apple says gaming slowdown and App Store changes hurt services growth

Apple said a slowdown in mobile gaming and changes to the App Store’s business model—including court-ordered payment rule changes in the U.S.—weighed on its services business, even as the company topped 1.5 billion paid subscriptions.

During today’s earnings call, Apple CFO Kevan Parekh said the company is beginning to feel the impact of regulatory changes to the App Store business model in the US and abroad. Here are the details.

Apple TV viewership hit an all-time high last quarter but tough comps from the release of F1 the year before led to slower growth at Apple’s giant Services division, executives said Thursday, delivering a bit more color than usual on the entertainment business as they were peppered with questions by Wall Street. Servic