ymgerman
- Even amid the ongoing legal headwinds, Apple’s (NASDAQ:AAPL) App Store has continued to see double-digit revenue growth, Bank of America said on Tuesday.
- “Despite the recent U.S. ruling, we are not seeing any major changes in rev or user activity,” Bank of America analyst Wamsi Mohan wrote in a note to clients, citing recent SensorTower data. According to the research firm, App Store revenue after 70 days of the third-quarter increased to $6.6B, up 12% yea-over-year. Total downloads — for the iPhone and iPad — rose 4% year-over-year during the same period, SensorTower added.
- Additionally, the app store dollars per download rose to $0.99, up 5% year-over-year, SensorTower said.
- Mohan, who has a Buy rating and $235 price target on Apple, also noted that global App Store revenue rose 13% year-over-year in May, compared to 3% download growth.
More on Apple
- Apple Is Playing Catch Up (Rating Downgrade)
- Eying Apple Pullback On WWDC25, And I Will Catch It
- Apple Just Went Full Car Salesman: The iOS 25 Is A 26?
- Apple WWDC a ‘foundation’ for its AI strategy, but investors need more: analysts
- watchOS 26 adds AI-powered personal trainer; AirPods, Apple TV, Vision Pro receive updates