BofA analyst Wamsi Mohan says Apple’s App Store revenue after 67 days in fiscal Q4 is estimated to have increased to $5.7B, up 12% year-over-year, according to data on developer revenue from SensorTower. For the month of August, App store revenue increased 12% year-over-year globally and 9% year-over-year in China, notes the analyst, who maintains a Buy rating and $256 price target on Apple shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- PayPal introduces new rewards, cash back offers, in-store access
- Apple ‘Glowtime’ may not be another ‘sell the news’ event, says BofA
- Notable open interest changes for September 5th
- Qualcomm working on MR glasses with Samsung, Google, CNBC reports
- Nearly ‘Glowtime’ for AI-focused iPhone, here’s what Wall Street expects
Questions or Comments about the article? Write to editor@tipranks.com