App Store sees strongest growth in months in September

Apple’s App Store saw its fastest growth rate in months in September, outperforming investment bank Morgan Stanley’s net revenue forecasts and implying a strong Services result for the company’s fourth quarter.

Credit: AppleCredit: Apple

In a note to investors seen by AppleInsider, Morgan Stanley analyst Katy Huberty cites Sensor Tower data indicating that App Store net revenue grew 16.1% year-over-year in September. That’s four points ahead of her forecast and a four-point acceleration from the 12% year-over-year growth seen in July and August.

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