Reported 1 day ago
Despite a slowdown in App Store revenue growth, Evercore ISI has reaffirmed its Outperform rating and $290 price target for Apple Inc. (NASDAQ:AAPL). While September's revenue showed a 7% year-over-year increase, down from 14% in August, Evercore predicts Apple is still well-positioned for double-digit growth in services during the upcoming quarter.
Source: YAHOO