Tuesday, October 27

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Apple, arcade, Business, card, General, News, Services, TV

Apple’s new services haven’t generated ‘meaningful revenue:’ report

Last year, Apple made a significant pivot towards services to replace revenue lost from lagging iPhone sales. However, a new Bloomberg report suggests the California-based company’s new services haven’t generated meaningful revenue yet. Apple launched TV+, Arcade, News+ and, in the U.S., Apple Card, last year. The four services were either significant expansions on existing services designed to generate more revenue or entirely new services. For example, Arcade sought to take advantage of the large mobile gaming market by bundling several games together into one subscription. On the other hand, Apple Card made use of the company’s existing Wallet software and mobile payments system to provide a unique credit card experience. Bloomberg says that investors will look for updates on the...