- The disruption could mean subscribers relying on Apple TV for streaming or iTunes for media purchases could face delays.
- As of 8.30 A.M., the company’s support system indicated that the outage has been resolved.
- In the recent first-quarter (Q1) results, Apple said its Services division, which includes Apple TV, recorded a 14% year-on-year revenue growth to $30 billion.
Apple Inc. (AAPL) on Wednesday said it experienced a temporary disruption affecting several of its digital services, including Apple TV and iTunes.
At the time of writing, the tech giant’s support system status showed that both Apple TV and iTunes are experiencing an outage. This could mean subscribers relying on Apple TV for streaming or iTunes for media purchases could face delays.
Outage Rectified
However, as of 8.30 A.M., the company’s support system indicated that the outage has been resolved.
Apple stock inched 0.2% higher in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels.
In the recent first-quarter (Q1) results, Apple said its Services division, which includes Apple TV, recorded a 14% year-on-year revenue growth to $30 billion.
The iPhone maker’s Q1 revenue of $143.8 billion and earnings per share of $2.84 both exceeded the analysts’ consensus estimate of $138.22 billion and $2.67, respectively, according to Fiscal AI data. Apple’s China sales jumped about 38% year-on-year to $25.5 billion in Q1.
Rising Competition From AI
According to a Wall Street Journal report, Apple is facing growing pressure in its supply chain as artificial intelligence companies increasingly outbid the tech giant for critical components.
This shift threatens Apple’s long-standing advantage in securing chips, memory, and other specialized materials for iPhones and other devices. Suppliers traditionally reliant on Apple’s massive orders are now leveraging lucrative contracts from AI leaders like Nvidia (NVDA), Alphabet (GOOGL), and Microsoft (MSFT), pushing prices higher, cited the report.
AAPL stock has gained over 15% in the last 12 months.
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