Bank of America Merrill Lynch says Apple’s App Store revenue showed slight acceleration on the quarter in Q3.
BofAML cites third-party data showing App Store revenue was up 18% in Q3 compared to the 17% growth in Q2.
Bank of America maintains a Buy rating and $230 PT.
MacDailyNews Take: Wait, Goldman Sachs analyst Rod Hall on Tuesday said that Apple’s App Store growth was slowing dramatically.
Now, a mere three days laterm we have conflicting data from another analyst, also based on “third-party data.”
Why does this seem like yet another attempt to induce AAPL churn?
Again, we’ll wait for Apple’s data over third party data, thanks.