UBS Reiterates Neutral on Apple (AAPL) as App Store Growth Slows

Based connected information from Sensor Tower, Apple’s App Store gross successful November grew an estimated 6% connected a reported basis. This maturation follows a maturation of astir 7% and 9% successful September and October, respectively.

On a Foreign Exchange Neutral basis, App Store gross accrued an estimated 5% year-over-year since currency was a tailwind. The steadfast further noted that App Store faces an estimated 12% examination hurdle successful December. This is little than the mid-teens comparisons from caller months but is inactive “not an casual hurdle successful our view.”

“On a QTD basis, reported App Store is tracking astatine ~7% (~6% FXN). Therefore, we estimation that reported App Store volition person to turn successful the mid-teens for Dec-25 4th maturation to scope astatine slightest double-digits.”

Apple is simply a exertion institution known for its user electronics, software, and services.

While we admit the imaginable of AAPL arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 AI Stocks Making Headlines connected Wall Street and 12 Must-Watch AI Stocks connected Wall Street. 

Disclosure: None.