Analyst says end of Apple TV+ trial is a major threat to services businessAt least one analyst is a real downer about Apple's services revenue right now.
What you need to know
Goldman Sachs analyst Rod Hall thinks investors could experience poor performance from Apple in 2022.
The analyst points to a slowdown of App Store performance and the end of the Apple TV+ trials as the reason.
Apple's Apple Card partner thinks there is "significant downside risk" to the companies investors in 2022.
As reported by AppleInsider, Goldman Sachs analyst Rod Hall believes that a slowdown in the growth of the App Store as well as the expiration of free trials for Apple TV+ will cause major impact on the company's fiscal performance.
According to Hall, a bottom-up model of Apple Services suggests that there is "significant downside risk to [2022] consensus for Services revenue." He attributes that mostly to a slowdown in App Store growth post-coronavirus.
Hall says that there could be a 2% year-over-year decline per user in 2021 as pandemic-era restrictions e...
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Analyst says end of Apple TV+ trial is a major threat to services business
