According to Sensor Tower data cited by BofA analyst Wamsi Mohan, Apple’s App Store revenue rose to $3.4 billion in the first 35 days of fiscal Q2, marking a 6.3% year-over-year increase.
TipRanks:
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.
MacDailyNews Note: Mohan maintains a Buy rating on Apple shares with a $325 price target.
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Apple’s App Store revenue up 6.3% in fiscal Q2-to-date appeared first on MacDailyNews.
