Apple new CEO Ternus teases "phenomenal" iPhone launch in first memo
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Evercore ISI: 'AAPL has so far offset softer App Store trends with faster-growing areas'
September 2, 2026 3:53 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $365.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "ALL YOU NEED TO KNOW: August App Store revenues decelerated for the sixth consecutive month, as revenues declined -1% y/y (vs. +1% in July), marking the first year-over-year decline since November 2022. App Store data suggests that the Gaming segment weighed on growth again during the month, with Gaming revs falling ~10% y/y... More
