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Bank of America: Apple seeing ‘modest’ re-acceleration in App Store, China – MacDailyNews

News Snapshot:

Update font size. Apple’s stock price fell early in Tuesday trading as Bank of Americas’ investment arm said that Apple is experiencing a “modest” re-acceleration in App Store spending and downloads alongside improvements in China App Store revenue growth. Chris Ciaccia for Seking Alpha : Analyst Wamsi Mohan, who rates Apple shares buy with a per-share price target of $200, noted that global App Store revenue in the current quarter has risen 7% year-over-year to $2.6 billion, as of April 30, citing data from Sensor Tower. The data also showed that total downloads on iPhones and iPads are up 5%…

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