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Apple's (AAPL) App Store Continues to Decline YoY - BofA

November 1, 2022 11:41 AM EDT

BofA Securities analyst Wamsi Mohan maintained a Neutral rating and $160 price target on Apple (NASDAQ: AAPL) shares in a note on Tuesday, telling investors that the App Store continues to decline year-over-year in fiscal Q1 2203 quarter-to-date.

Mohan argued that global App Store revenue in fiscal Q1,... More