Apple: No Real App Store Threat

• Apple to face antitrust lawsuits from consumers claiming App Store anti-competitiveness.
• The tech giant faces risks of reduced fees and developers workaround consumers paying via the App Store.
• The company is still generating substantial subscription growth due to limited revenue impact from any single developer.
• The biggest risk remains the Chinese trade war.

With the Services business growth a big part of the investment thesis of owning Apple (AAPL) long term, the antitrust lawsuit against the tech giant is a major threat to their business model. The data just doesn’t support that the lawsuit will amount to much considering the market landscape.

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