From StockTwits: 2025-01-06 02:20:09

UBS estimates Apple App Store’s revenue growth in December quarter at 15%, but on a forex-neutral basis, it may have been 13.3%. Concerns over soft iPhone sales could pressure App Store revenue. Apple stock may face challenges ahead, with UBS giving a ‘Neutral’ rating and $236 price target. Global App Store revenue grew 13% YoY on a reported basis and 13.5% on a forex-neutral basis. Demand growth was balanced across geographies, with U.S. seeing 12% growth and rest of the world at 13%. Stocktwits shows ‘bullish’ sentiment toward Apple stock, despite low message volume.

Apple stock rallied 31% in 2024, outperforming S&P 500. Stock closed at $243.36, down 0.20% on Friday. An all-time high of $260.10 was hit on Dec. 26. Potential support area for the stock. For updates and corrections, email newsroom[at]stocktwits[dot]com.



Read more at StockTwits: Retail Turns Positive Despite Analyst’s Skepticism Regarding App Store Revenue Sustainability