Market News / Story
App Store reverses slowdown in September, UBS says
Seeking Alpha ·
Seeking Alpha reports: Apple's App Store has reversed the slowdown seen in the prior quarter, investment firm UBS said on Tuesday. Citing data from Sensor Tower, UBS said revenue for the month of September was up 5% year-over-year, leading to roughly 2% growth in the quarter. “While better than the flattish growth it was tracking at QTD, the Sept-26 quarter marks the second consecutive quarter of low-single-digit App Store growth despite a ~270 bps easier comp,” UBS analyst David Vogt wrote…