Apple Services Business Growth Slows and Siri AI Charging Plan
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On November 3, 2026, PYMNTS reported that Apple expects its services business growth to slow in the holiday quarter, partly because it is absorbing cloud computing costs related to Siri AI. Apple has not announced the pricing or launch date for expanded access to some AI features. The company's services revenue grew 10% in the quarter ended in September, reaching $31.6 billion; the chief financial officer expects services business growth of 8% to 9% in the quarter ending in December. Siri AI requests will be processed jointly by devices and Private Cloud Compute. The report also mentioned that Apple Pay now covers more than 90 markets after launching with Axis Bank in India.
AI-written from reports · updated 2 hours ago
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- PYMNTSApple expects services growth to slow as Siri AI costs rise and it plans to charge for expanded access
Apple expects services growth to slow in the holiday quarter as it takes on Siri AI cloud computing costs and plans to charge for expanded access to some AI features. The company did not announce pricing or a launch date; services revenue grew 10% to $31.6 billion in the September quarter, and the CFO expects growth of 8% to 9% in the December quarter. Siri AI requests will be handled jointly by devices and Private Cloud Compute, while Apple Pay now covers more than 90 markets following its launch with Axis Bank in India.
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