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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