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AAPL’s revenues are expected to take a big hit because of the ruling, because developer commissions account for a large proportion of its Apple Pay segment earnings. The tech behemoth is expected to shrug off the losses soon through new product launches and service offerings, however.
AAPL launched its highly anticipated iPhone 13, Apple Watch Series 7, and iPad mini on September14. In addition, AAPL acquired classical music streaming service Primephonic on August 30, which is expected to improve its iTunes subscriber base in the near term.
