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Apple App Store revenue increased in October, says UBS
The Fly

Apple App Store revenue increased in October, says UBS

UBS says the firm’s analysis of Sensor Tower data indicates Apple’s (AAPL) global App Store revenue rose 14% on a currency neutral basis in October, a 100 basis point month-over-month acceleration. Mid-teens growth despite a tough year-over-year comp, similar to September, is a solid result, the analyst tells investors in a research note. However, UBS remains cautious on the shares considering that the rest of the December quarter faces similarly challenging comps in the 13% range while iPhone sell-through is unlikely to accelerate. It keeps a Neutral rating on Apple with a $236 price target

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