Apple discusses AI and third-party apps as a potential services growth area
AI · First reported 3 Nov, 01:49 · Updated 01:58
Apple CFO Kevan Parekh said AI could support revenue growth through customer upgrades and opportunities involving third-party apps and partnerships, but did not specify how. A separate report says Apple is enabling Siri AI features in third-party apps through an iOS update.
- Parekh said Apple sees potential AI-related opportunities in third-party apps and partnerships, without explaining what those opportunities would be.
- Apple expects services growth of 8–9% in the December quarter, according to Parekh, while citing sequential headwinds including third-party licensing and foreign exchange.
- A separate report says Apple announced that developers can integrate Siri AI features across apps as part of the iOS 27.3 update rolling out Tuesday.
Summary written by Lux AI from 2 articles
Key facts
- Expected services growth
- 8–9% in the December quarter, according to Apple CFO Kevan Parekh.
- Siri update
- The Verge reports that iOS 27.3 was rolling out Tuesday and allows developers to integrate Siri AI features in apps.
- U.S. App Store commission revenue estimate
- Third-party estimates cited by TechCrunch suggested an 18% decline in August.
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