Apple's recent layoffs affecting around 100 employees indicate a shift in priorities away from Apple Books and related services, signaling a lack of investment in this area going forward.
Since its introduction with the iPad, Apple Books has not achieved the intended success as a 'Kindle-killer'. The company's focus on profitable services like App Store subscriptions suggests a recalibration of priorities.
The layoffs extend beyond Apple Books to the Apple News team, highlighting a broader strategy shift within Apple's digital services group amid changing market conditions.
While Apple's services contribute significantly to overall revenue, the dependency on in-app purchases raises concerns about sustaining distribution capabilities in an evolving regulatory environment.
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