UBS sees signs of App Store revenue growth deceleration
Notably, the investment bank said data from April points to a material deceleration compared to the previous month, with the App Store's global revenue rising by around 9% in April, down from 13% growth in March.
For reference, Apple's Services revenue grew around 14% year-over-year in the March quarter, outpacing the UBS estimate for App Store growth of 12% for that period. These comparisons suggest that App Store revenue growth “could remain in the high-single digits for the quarter,” analysts wrote.
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