UBS Maintains Neutral View as Apple (AAPL) App Store Trends Stay Solid

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 repor ...