Friday, 24 March, 2023

Meta estimates Apple's iOS changes will cost it $10B in 2022

<p>After posting mixed Q4 results and a lower-than-expected estimate for the first quarter of 2022, Meta&#39;s stock fell in after-hours trade on Wednesday. The company detailed the extent to which Apple&#39;s iOS upgrades are hurting the business, projecting a $10B impact in 2022. The impact of Apple&#39;s iOS updates in Q4 was in line with our estimates and close to Q3 headwinds, as per CFO David Wehner, and the impact of iOS as a headwind on our business in 2022 will be on the order of $10B.</p>