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.
美銀證券分析師Wamsi Mohan對蘋果公司（納斯達克：AAPL）維持買入評級，目標價爲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.
分析師提到，多年的iPhone升級週期、毛利率的順風以及強大的現金流是維持評級的因素。
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.
分析師寫道，根據SensorTower的數據，2025財年第一季度的App Store營業收入在64天后達到了56億，是同比增長15.2%。總下載量（iPhone和iPad）同比增長7.4%，達到61億。
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.
分析師補充道，11月全球App Store營業收入同比增長15.8%，中國市場顯示出9.0%的同比增長。
Mohan writes that App store dollars per download also rose by 7.3% year-over-year.
Mohan寫道，App Store每下載收入同比增長了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.
娛樂類應用的營業收入在64天后同比增長35%，而arvr遊戲的營業收入增加了5%，達到了27億。遊戲仍然是最大的細分市場，其次是娛樂（16%）和其他類別，分析師補充道。
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，這突顯出向多元化收入來源的轉變，因爲非遊戲類應用的貨幣化情況越來越好。新的蘋果智能對下載和營業收入趨勢的影響將被密切關注。
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.
分析師預計2025財年第一季度和第二季度的總服務營業收入同比增長13%，並認爲服務的韌性是長期積極的指標。
Mohan writes that 270 days after Apple's compliance deadline, there has been minimal impact on web browser downloads in the EU.
莫漢寫道，在蘋果的合規截止日期後270天，歐盟的網頁瀏覽器下載量幾乎沒有受到影響。
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.
這家iPhone公司報告第四財季的營業收入爲949億，超出分析師預期的945.6億。經過調整的每股收益爲1.64美元，超出預期的1.60美元。
Price Action: AAPl shares are up 0.76% at $241.41 at the last check Tuesday.
價格走勢：AAPl股票在週二最後一次檢查時上漲了0.76%，達到241.41美元。
Image via Shutterstock
圖片來源：shutterstock
Read Next:
閱讀下一篇：
- Apple's Foldable iPhone Could Spark Smartphone Market Revival In 2026, Says Expert
- 蘋果的可摺疊iPhone可能會在2026年引發智能手機市場復甦，專家稱