Apple App Store Revenue Climbs 7% with $3.4B Developer Intake
UBS reiterated a neutral rating on Apple after its checks showed global App Store revenue rose roughly 7% in December and January. SensorTower data highlights developer earnings of $3.4 billion, up 6.3% year-over-year after 35 days, while BofA’s analyst targets $325 per share with a buy rating.
1. UBS Maintains Neutral Rating
UBS reiterated a neutral rating on Apple after its checks showed App Store revenue growth remained at roughly 7% in December and January, matching recent quarterly trends and pointing to healthy services performance.
2. App Store Revenue Growth Details
SensorTower data indicates developer earnings reached $3.4 billion in the first 35 days of fiscal Q2, up 6.3% year-over-year, and January global App Store revenue rose 7% compared with 3.6% growth in downloads; BofA’s Wamsi Mohan holds a buy rating with a $325 price target.