Today's Above Avalon daily update includes the following topics:
Netflix Moves Away from iTunes Billing for New Subscribers
Apple Releases Reclassified Sales Data
Thoughts on Decelerating Apple Services Growth
We begin today’s email with my thoughts on Netflix no longer allowing new subscribers to sign up using iTunes billing. The discussion then turns to Apple’s reclassified sales data, including revised quarterly totals for Services revenue. The new numbers shine a different light on the $10.8B 1Q19 Services revenue figure that Tim Cook disclosed last week. We conclude with a look at how Apple Services revenue growth is decelerating and the two likely factors behind the slowdown.
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