Apple reportedly cuts 100 jobs working on Books and other services

Company Layoffs - Apple is conducting layoffs affecting around 100 employees in its digital services group, primarily impacting the Apple Books app team and related store [1] - The Apple News team and other services teams are also affected by the layoffs [1] Apple Books Performance - Apple Books, introduced in 2010 alongside the iPad, has not met expectations as a "Kindle-killer" [1] - The layoffs indicate Apple Books will no longer be a focus area for future investment [1] Services Revenue - Services accounted for 28% of Apple's revenue in the last quarterly earnings [1] - A significant portion of services revenue likely comes from in-app purchases and App Store subscriptions [1] Regulatory Landscape - It is unclear whether Apple can maintain its dominance in mobile app distribution amid changing regulations [1]