App Store growth recovery hints at Apple June quarter beat, analyst says
After a weaker-than-expected April, Morgan Stanley's Katy Huberty says that the App Store is trending ahead of forecasts in May — which could be a sign that Apple is on track to outperform in the June quarter.
Credit: Apple
In a note to investors seen by AppleInsider, lead analyst Katy Huberty says that App Store net revenue is clocking in five points ahead of her original 7% year-over-year May forecast. The uptick comes after a weaker growth in April.
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