Apple's App Store growth is slowing down
Publishing timestamp: 2023-01-10 18:04:30
Summary
Apple released data that suggests App Store growth has plateaued. Apple said it has paid $320 billion to developers, up from $260 billion as of last year, jump of $60 billion. Apple's services business grew in fiscal 2022 to $78.1 billion, 14% increase. Morgan Stanley analyst Erik Woodring has been following slowing App Store growth. App Store net revenue decreased for six straight months from June to November, according to his data, before growing again in December.
Sentiment: NEUTRAL
Tickers: AAPL,
Keywords: breaking news: technology, business, apple inc, appstore, business news, technology, mobile,
Source: https://www.cnbc.com/2023/01/10/apple-app-store-revenue-update-shows-slowing-growth-.html