Pacific Crest analyst Andy Hargreaves says that Apple's Services revenue will probably decelerate significantly going forward. The analyst says that App Store revenue growth has probably peaked, as App Store revenue per iPhone user looks set to drop. Meanwhile, Apple Music is probably unprofitable and all other services have had a compound annual growth rate of 3% over the last three years, according to Hargreaves. He keeps a $145 price target and a Sector Weight rating on the stock.
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Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
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"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here