Apple App Store revenue up 15% in Q1-to-date, says BofA

BofA analyst Wamsi Mohan says Apple’s (AAPL) App Store revenue in fiscal Q1 after 64 days increased to $5.6B, up 15.2% year-over-year, according to data on developer revenues from SensorTower. For the month of November, App Store revenue increased 15.8% year-over-year globally and 9.0% year-over-year in China, added the analyst, who reiterates a Buy rating and $256 price target on Apple’s shares and keeps estimates unchanged.