![]() The iPhone 13 devices feature brighter displays, faster processors, improved cameras, and longer battery life. Like the previous models, the new handsets have display sizes of 5.4, 6.1 and 6.7 inches and starting prices ranging from $699 to $1,099.Īt the September event, Apple also announced the Apple Watch Series 7 smartwatches and new iPad tablets. However, investors were unimpressed with the news. ![]() The iPhone 13 series went on sale on Sept. 24 and the initial response has been positive. With the iPhone business maturing, investors are wondering what the next big growth driver will be for Apple stock. Lately, two businesses have given Apple’s sales and profits a boost: services and wearables. In the September quarter, Apple’s services revenue rose 26% year over year to $18.3 billion. ![]() Services include the App Store, AppleCare, iCloud, Apple Pay, Apple Music, Apple TV+, Apple Arcade and other offerings. Meanwhile, Apple is facing antitrust scrutiny in the U.S. In November 2020, Apple cut its commission rate to 15% for small developers, possibly to appease regulators.Īnd Europe for its App Store policies, including its 30% commission fee. But Apple stock trended down in the days after that news. On April 30, the antitrust commission of the European Union issued preliminary charges against Apple in a case initiated by a complaint from Spotify Technology ( SPOT). The European Commission accused Apple of abusing its dominant position in the distribution of apps through its App Store. In late August and early September, Apple announced changes to its App Store policies in response to legal challenges in the U.S.
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