Apple Services Revenue Trajectory Signals Softness With Weaker App Store Downloads: Analyst

Sensor Tower data showed that Apple’s AAPL App Store revenue and downloads grew in August, but slower than historical trends.Year-over-year revenue growth eased to 11.2% and downloads rose 2.2%, signaling a softer trajectory for Apple’s Services segment.JP Morgan analyst Samik Chatterjee maintained an Overweight rating on Apple.Chatterjee said Apple’s App Store revenue showed softer-than-usual momentum in August, indicating a modest deceleration in growth relative to historical seasonal trends.Also Read: Ap ...