According to data on developer revenue from SensorTower, Apple’s (AAPL) App store revenue increased to $3.4B, or 6.3% year-over-year, after 35 days in fiscal Q2, reported BofA analyst Wamsi Mohan. For January, App store revenue increased 7.0% year-over-year globally, outpacing app store download growth of 3.6%, adds the analyst, who keeps an Buy rating and $325 price target on Apple shares.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple call buyer realizes 55% same-day gains
- PayPal Earnings: PYPL Stock Plunges on Weak 2026 Profit Outlook, New CEO Named
- Vanguard Total Stock Market ETF (VTI) Daily Snapshot—2/3/26
- A.I. boom to impact Apple’s profit margins, WSJ says
- Qualcomm (QCOM) Is About to Report Q1 Earnings. Here’s What to Expect