Apple (NASDAQ:AAPL)
Starting the next week, when iOS 16.1 is released, Apple (NASDAQ:AAPL) will make its Fitness+ service accessible to iPhone users even if they do not also own an Apple Watch. This announcement was made on Thursday morning. Despite that, Apple stock plunged.
The fitness program is scheduled to become accessible to iPhone users in 21 countries on October 24, with the addition of more nations anticipated in the future.
Fitness+ was previously inaccessible to iPhone users unless they also owned an Apple Watch and were willing to pay an additional $9.99 monthly for the privilege.
Apple (AAPL) has announced that consumers who buy a new iPhone, iPad, or Apple TV will be eligible to get three free months of the company’s Fitness+ service.
Apple stock announced that its Fitness+ service would include a new yoga training program, more music collections, and an Artist Spotlight series highlighting Taylor Swift’s songs.
At the product presentation that the tech giant hosted in September, they announced that Fitness+ would be coming to the iPhone. Still, they did not provide a specific time range for when it would be available.
Apple’s (AAPL) services significantly contribute to the company’s revenue growth. Apple stock reported revenue linked to services of $19.6 billion during the most recent quarter, an increase from the $17.48 billion reported during the same time a year earlier.
During the middle of the trading day, Apple stock increased by 1% to $145.28.
Apple (AAPL), headquartered in Cupertino, California, is scheduled to release its earnings report for the fiscal fourth quarter on October 27, after the market has closed for the day.
Apple stock introduced several brand-new items on Tuesday, including upgraded versions of its Apple TV set-top box and iPad Pro tablet.
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Apple stock fell despite the company announcing that Fitness+ would be available on iPhones the following week.
Featured Image – Megapixl © Streetka2004
Author Shariq Khan 
