No immediate risks to App Store despite lower ad spending, analyst says

App Store privacy changes are driving advertising money elsewhere, but investment bank Cowen believes that the trend doesn’t have any immediate risks and may only have a modest impact on Services growth.

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In a note to investors seen by AppleInsider, Cowen analyst Krish Sankar reflects on reports that mobile advertisers are shifting their money toward Android because of Apple’s App Tracking Transparency feature, which prohibits apps from tracking users across other sites and apps if enabled.

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