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Is Apple’s App Store Revenue Witnessing A Declining Trend? – $AAPL $DIA

By John F. Heerdink, Jr.

Reportedly, Apple’s (AAPL) revenue from the App Store dropped down in June, potentially setting the company up for a slight shortfall in overall services revenue for the quarter.

Morgan Stanley analyst Katy Huberty, informed as per the data from the app-store tracking service Sensor Tower, the net revenue at the Apple App Store increased 2.5% in June, compared with 4% growth in May.  Softness in downloads from China offset stronger performances in other markets.

Apple does not disclose separate figures for revenue from the App Store or other components of its services business in its earnings. In the March quarter, Apple reported overall services revenue of $19.8 billion, an increase from 17.3% a year earlier. Chief Financial Officer Luca Maestri, in the company’s most recent conference call with investors, informed that services revenue in the June quarter is expected to be up by double digits, but would be at a slower pace than the March quarter.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

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(Read Original Story: Apple’s App Store Revenue Growth Slowed Down in June, Analyst Says in Barron's)


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