BofA analyst Wamsi Mohan reports that according to data on developer revenue from SensorTower, Apple’s (AAPL) App Store revenue in fiscal Q4 increased 10.0% year-over-year to $8.7B with total downloads up 2.5% year-over-year. For the month of September, App Store revenue increased 7% year-over-year globally, notes the analyst, who keeps a Buy rating and $270 price target on Apple shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- “How Far Do You Want the Apple Brand to Go?”: Ford Stock (NYSE:F) Slips as Ford has an Apple Problem
- TSMC Stock (TSM) Rises as Taiwan Rejects Trump’s 50-50 Semiconductor Plan
- ChatGPT-Maker OpenAI Is Now Worth $500B, Bigger Than Musk’s SpaceX
- AI Daily: OpenAI hits $500B valuation, Apple shelves Vision headset revamp
- Berkshire to acquire OxyChem, OpenAI reaches $500B valuation: Morning Buzz
