Apple's EU App Store Sales Remain Steady Despite Regulatory Changes: Report
Portfolio Pulse from Benzinga Neuro
Apple's EU App Store sales remain steady despite regulatory changes, with negligible revenue impact after complying with the EU’s Digital Markets Act. Evercore ISI maintains an Outperform rating and a $220 target on Apple.
May 29, 2024 | 1:58 pm
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Apple's EU App Store sales have shown negligible impact from the EU’s Digital Markets Act, with revenue increasing by 28% in March and 22% in April. Evercore ISI maintains an Outperform rating and a $220 target on Apple.
Despite regulatory changes, Apple's EU App Store revenue has increased, and Evercore ISI's positive rating and target price suggest confidence in Apple's performance. The minimal impact on revenue and positive earnings report support a likely short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100