Evercore ISI has maintained its Outperform rating on Apple with a $325.00 price target, pointing to stabilizing App Store revenue growth.

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	Forwarded this email? Subscribe here for more Evercore ISI reiterates ‘Outperform’ rating on Apple stock citing App Store revenue growth MacDailyNews Jan 6   READ IN APP   Evercore ISI has maintained its Outperform rating on Apple with a $325.00 price target, pointing to stabilizing App Store revenue growth. This implies significant upside potential from the current share price of $266.31. Investing.com: ‎ The App Store recorded 6% year-over-year revenue growth in December, marking the second consecutive month at this growth rate. Gaming, which represents 44% of App Store revenues, declined 4% year-over-year in December, following a 2% decline in the previous month, and was either down or flat for seven of the twelve months in 2025. This performance aligns with Apple’s overall revenue growth of 6.43% over the last twelve months. China and Japan, Apple’s largest Asian markets for gaming, showed particular weakness with gaming revenues down 13% and 15% year-over-year, respectively. In contrast, other App Store categories showed stronger performance, with Entertainment growing 3%, Social Networking up 11%, Music increasing 15%, and Photo & Video rising 18% year-over-year. By region, U.S. App Store revenues grew 3% year-over-year, while China and Japan, Apple’s second and third largest regions, declined 5% and 3% respectively, primarily due to weaker gaming revenues. Growth accelerated month-over-month across the Social Networking, Music, and Photo & Video categories. Evercore ISI estimates that the App Store represents approximately 20% of Apple’s Services revenues and expects Apple will supplement softer App Store growth with faster-growing areas such as Apple Pay, iCloud, and Licensing, as it did in Q4:FY25, which saw approximately a 4% difference between App Store revenues and reported Services growth. ‎ MacDailyNews Note: Apple is scheduled to report its next quarterly earnings — for fiscal Q1 2026 (covering October–December 2025) — on January 29, 2026, after market close. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Evercore ISI reiterates ‘Outperform’ rating on Apple stock citing App Store revenue growth appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe