Apple Inc. (NASDAQ:AAPL) is one of the 10 AI Stocks to Keep on Your Radar. On February 4, UBS reiterated the stock as “Neutral” stating that its checks show Apple App Store checks show revenues continue to grow.
On a reported basis, global App Store revenue grew ~7%, roughly in-line with the ~6% growth in November and December.
Similarly, data on developer revenue from SensorTower shows that Apple’s (AAPL) App store revenue increased to $3.4B, or 6.3% year-over-year, after 35 days in fiscal Q2, as reported by BofA analyst Wamsi Mohan.
Mohan noted that for January, App store revenue increased 7.0% year-over-year globally, outperforming app store download growth of 3.6%. The firm holds a “Buy” rating on the stock with a $325 price target.
Source: pexels
Apple is a technology company known for its consumer electronics, software, and services.
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Disclosure: None. This article is originally published at Insider Monkey.
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