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Apple App Store Sales Jump In May, Boosting Outlook For Services Growth
AAPLApple(AAPL) Benzinga·2025-06-05 04:45

JP Morgan analyst Samik Chatterjee had an Overweight rating on Apple Inc AAPL on Tuesday.Apple's App Store revenue for May, tracked by Sensor Tower, increased by 4.9% month-over-month (which compares to an average sequential uptick of 2.3% seen historically going from April to May) and helped support an acceleration of year-over-year revenue trends to up 13.0% Y/Y in May (versus up 11.8% Y/Y in April), Chatterjee stated.While the management did not provide official guidance for Services revenue growth for t ...