However, it was unclear how many employees Apple had in its services division. Apple had approximately 161,000 full-time equivalent employees as of September 30, 2023, as per its latest annual report.

Apple has been reorganizing teams amid shifting priorities, including to artificial intelligence. The company has previously suspended work on its next high-end Vision headset and shuttered a project to design and develop its own smartwatch displays earlier this year, it was reported.

This comes as Apple has been facing problems in China, its third-largest market, since last year, where sales declined 6.5% last quarter.