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.
Last year’s F1 success also played a part in this quarter’s Services slowdown
Today, Apple released its Q3 2026 financial results, reporting $30.7 billion in Services revenue, a record for a third fiscal quarter.
Although that was up 12% year over year, it marked the segment’s first sequential decline since 2022, down from $30.98 billion in the previous quarter. It was also Apple’s slowest Services growth since Q2 2025 and its weakest Q3 growth rate since 2023.
Part of this slowdown, as Apple CFO Kevan Parekh explained, was due to “some factors that impacted the performance of the App Store,” which is traditionally one of Apple’s biggest revenue drivers in its Services category.
