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Apple Shares Squeeze as App Store Commission Revenue Plunges 18%

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The Story

News Summary

  • Apple's App Store commission revenue fell 18% in the U.S.
  • as legal and regulatory challenges pressure its high-margin Services division.
  • Services revenue missed Wall Street estimates by approximately $1 billion, triggering concerns about the durability of Apple's premium valuation and take rate.
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AAPL price history

332.27 +20.75% over the displayed period

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