Morgan Stanley: App Store growth has hit a six-month high in JanuaryThe App Store and the Mac both kicked off 2021 with a bang.
What you need to know
Morgan Stanley analyst Katy Hubery says App Store growth reached a six-month high in January 2021.
The analyst also notes high performance from the Mac.
As reported by AppleInsider, a new investor note from Morgan Stanley lead analyst Katy Huberty highlights performance on the App Store,
Overall growth for the App Store reached 35% year over year in January 2021, with the United States reaching 42% and Japan and Germany even reaching 60%.
For one, Huberty notes that App Store growth reached a six-month high in January 2021. That's according to new data from analytics firm Sensor Tower, which indicates that App Store net revenue grew 35% year-over-year in January. That 35% growth represents a four-point acceleration from the fourth quarter of 2020, and is seven points ahead of Morgan Stanley's own Q1 2021 growth forecast. Huberty highlights Japan and Germany, where App Store growth reached 60%....
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Morgan Stanley: App Store growth has hit a six-month high in January
