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Apple App Store revenue grew 15% in fiscal Q1, says BofA
The Fly

Apple App Store revenue grew 15% in fiscal Q1, says BofA

BofA analyst Wamsi Mohan notes that SensorTower data show that Apple’s (AAPL) App Store revenue in fiscal Q1 increased to $8.1B, or up 15.4% year-over-year, as App Store revenue increased 12.7% year-over-year globally and 7.2% year-over-year in China for the month of December. The firm, which maintains its Buy rating and $256 price target on Apple shares, leaves its estimates unchanged.

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