In a word to shoppers — as famous by Apple 3.0 — the Evercore funding banking agency says that Apple App Retailer income grew +13% within the month of March with continued progress throughout all classes.
The article — which requires a subscription to learn — notes that the 13% progress price in March is a deceleration from the 18% progress price within the prior quarter, however the slowdown was not as giant as some pundits feared.
Gaming accounts for 52% of App Retailer income, so continued progress right here will probably be key for the App Retailer’s skill to ship an acceleration in 2024, in response to Evercore. Gaming was up 8% in March vs. 14% in February and -1% in January.
All different classes grew in double digits with Music exhibiting the strongest progress. On a geographic foundation, China slowed to +7% vs. +10% final month and -5% in January. US and Japan additionally noticed modest decelerations.
