According to Sensor Tower data cited by BofA analyst Wamsi Mohan, Apple’s App Store revenue rose to $3.4 billion in the first 35 days of fiscal Q2, marking a 6.3% year-over-year increase.
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For January, App store revenue increased 7.0% year-over-year globally, outpacing app store download growth of 3.6%, adds the analyst, who keeps an Buy rating and $325 price target on Apple shares.
MacDailyNews Note: Mohan maintains a Buy rating on Apple shares with a $325 price target.
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