Apple's Multi-Year iPhone Cycle And App Store Dynamics Are Growth Catalysts: Analyst
Apple's Multi-Year iPhone Cycle And App Store Dynamics Are Growth Catalysts: Analyst
In November, global App Store revenue increased by 15.8% year-over-year, with China showing a 9.0% year-over-year growth, adds the analyst.BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc. (NASDAQ:AAPL) with a price target of $256.
美国银行证券分析师Wamsi Mohan维持对苹果公司（NASDAQ:AAPL）的买入评级，目标价为256美元。
The analyst cited the multi-year iPhone upgrade cycle, tailwinds to gross margin, and strong cash flows as factors for rating reiteration.
分析师指出多年iPhone升级周期、毛利率顺势增长以及强劲现金流是重申评级的因素。
The analyst writes that, as per SensorTower data, App Store revenues in first-quarter FY25 (after 64 days) rose to $5.6 billion, a 15.2% year-over-year increase. Total downloads (iPhone and iPad) grew by 7.4% year-over-year, reaching 6.1 billion.
分析师称，根据SensorTower的数据，FY25财年第一季度（64天后）App Store的营业收入达到了56亿美元，同比增长15.2%。总下载量（iPhone和iPad）同比增长7.4%，达到61亿。
In November, global App Store revenue increased by 15.8% year-over-year, with China showing a 9.0% year-over-year growth, adds the analyst.
分析师表示，11月份，全球App Store的营业收入同比增长了15.8%，中国同比增长9.0%。
Mohan writes that App store dollars per download also rose by 7.3% year-over-year.
Mohan表示，每次下载的App Store收入也同比增长了7.3%。
Entertainment app revenue grew 35% year-over-year after 64 days and Gaming revenue increased 5% to $2.7 billion. Games remain the largest segment, followed by Entertainment (16%) and other categories, adds the analyst.
娱乐应用的营业收入在64天后同比增长了35%，游戏收入增长了5%至27亿美元。游戏仍然是最大的部门，其次是娱乐（16%）和其他分类，分析师补充道。
Mohan says this highlights a shift toward more diverse revenue streams as non-gaming apps monetize more. The impact of the new Apple Intelligence on download and revenue trends will be closely monitored.
Mohan表示，这突显了向更多样化的营收流向转变，非游戏类应用实现了更多的货币化。新的Apple Intelligence对下载和营收趋势的影响将被密切监测。
The analyst projects total services revenue growth of 13% year-over-year for both first-quarter and second-quarter of FY25 and sees the resilience in services as a long-term positive indicator.
分析师预测财年FY25第一季度和第二季度的总服务营收同比增长13%，并将服务业的韧性视为长期积极指标。
Mohan writes that 270 days after Apple's compliance deadline, there has been minimal impact on web browser downloads in the EU.
莫汉表示，在苹果的合规期限之后270天，在欧盟的网络浏览器下载中影响微乎其微。
The iPhone company reported fiscal fourth-quarter revenue of $94.9 billion, topping analyst estimates of $94.56 billion. Adjusted EPS of $1.64 surpassed forecasts of $1.60.
这家iPhone公司报告了第四财季营业收入为949亿美元，超过了分析师对945.6亿美元的估计。调整后的每股收益为1.64美元，超过了1.60美元的预测。
Price Action: AAPl shares are up 0.76% at $241.41 at the last check Tuesday.
股价走势：AAPl股价在上周二最后一次检查时上涨0.76％，报241.41美元。
Image via Shutterstock
图片来源：shutterstock
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