Eddy Cue Hints at Big 2023 for Apple, App Store Revenue Growth Slows
Today's Above Avalon daily update includes the following stories:
Eddy Cue Hints at Big 2023 for Apple
App Store Revenue Growth Slows
We kick things off with Neil’s thoughts on Eddy Cue, Apple’s SVP of Services, looking back at Apple’s Services business in 2022. Cue made an interesting comment about Apple in 2023. We then look at a key financial metric Apple disclosed regarding the App Store. With this data point in hand, we derive estimates for the amount of overall App Store revenue in 2022 and the amount of revenue Apple reports in its quarterly financial statements.
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