Apple's Services Income Falls Short, Stock Drops Over 4% After Hours

Apple took in $30.74 billion from its services like the App Store and subscriptions last quarter, short of the $31.22 billion analysts expected. CFO Kevan Parekh cited currency shifts, a tough comparison to last year's F1 film release, slower mobile gaming, and App Store changes. Shares fell over 4% after hours, worsened by a China revenue miss.