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Fly News Breaks for July 18, 2019
AAPL
Jul 18, 2019 | 09:12 EDT
Sensor Tower yesterday released its estimate of total App Store revenue for Q2 at up 18% year-over-year, Deutsche Bank analyst Jeriel Ong tells investors in a research note. With this data in hand, the analyst estimates that Apple's portion of this App Store revenues is likely 25%-30% of gross revenues, thus ~$3.2B-$3.9B of his $11.6B June quarter Services revenue estimate. Sensor Tower data indicates that App Store growth, "while solid at its size," will likely continue to be a drag on Apple's overall Services revenue growth, contends Ong. He believes Apple's growth will increasingly have to come elsewhere in the second half of 2019 if the company is to maintain a greater than 20% year-over-year growth rate in 2019. The analyst keeps a Hold rating on Apple with a $205 price target.
News For AAPL From the Last 2 Days
AAPL
Mar 28, 2024 | 12:20 EDT
Technology Analyst Kulkarni, along with Grand Simmons, VP of Kochava, a leading mobile measurement firm, discuss how Apple's SKAdNetwork (SKAN) evolved over the past three years on an Analyst/Industry conference call to be held on March 28 at 1 pm. Webcast Link
AAPL
Mar 27, 2024 | 16:24 EDT
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
AAPL
Mar 27, 2024 | 15:57 EDT
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
AAPL
Mar 27, 2024 | 12:00 EDT
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