Apple Faces Near-Term Pressure as App Store Growth Slows
UBS analyst David Vogt has reiterated a Neutral rating for Apple (AAPL) with a $296.00 price target, citing slowed growth in the App Store revenue to around 3% in May compared to April and US weakness where it declined by about 7%. The firm anticipates June will be challenging due to difficult year-over-year comparisons.
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