Apple App Store revenue up 11% in fiscal Q3-to-date, says BofA

BofA analyst Wamsi Mohan notes that Apple App Store revenues in fiscal Q3 after 66 days is reported to have increased to $5.4B, or 11% year-over-year, according to data on developer revenues from SensorTower. For the month of May, SensorTower says App store revenue increased 12% year-over-year globally and increased 10% year-over-year in China, added the analyst, who maintains a $230 price target and Buy rating on Apple shares.