Analysts: Apple App Store sees high revenue growth

In a note to clients — as noted by AppleInsider — analysts at Morgan Stanley say the Apple App Store is seeing high revenue growth this quarter.

Based on data from SensorTower (which “equips publishers and marketers with the data and insights needed to master the mobile app ecosystem specializes in), the global financial services firm says App Store revenue for the September quarter looks to beat Morgan Stanley’s own forecast for the September quarter of an increase of 18% from the same period in 2018. 

The net revenue for the App Store grew 25.8% year-on-year in August, up from the 18.9% year-on-year comparison for July, making it the strongest since February 2018, and the third-largest month-to-month acceleration in year-on-year growth since early 2015. For the in-progress current quarter, he App Store’s net revenue is $2.9 billion, up 22.4% year-on-year, according to Morgan Stanley.