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Snap says upcoming iOS 14 privacy feature presents risk to business

Snap on Thursday warned investors of potential revenue headwinds in the coming quarters as Apple prepares to flip the switch on a new iOS privacy feature, the same tool over which Facebook is reportedly preparing an antitrust lawsuit.Following the report of positive fourth quarter earnings, Snap CFO Derek Andersen warned investors that Apple’s iOS 14 changes “present another risk of interruption to demand,” reports CNBC.”It is not clear yet what the longer term impact of those changes may be for the topline momentum of our business, and this may not be clear until several months or more after the changes are implemented,” Andersen said. Read more…
Source: Apple Insider News and Secrets on New Apple Products

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